The broader markets rose toward the weekend, reversing earlier losses as surprisingly dovish comments by Fed Chair Jerome Powell hinted at the possibility of a rate cut at Fed’s next month meeting scheduled for Sept. 16-17.
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In his speech at the annual Jackson Hole, Wyoming, symposium, Powell left the door open to an interest-rate cut, saying, "The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance."The Fed's benchmark borrowing rate has remained in a range of 4.25%-4.5% since December 2024.
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'New Dawn': Ripple CEO Reacts to Fed Governors Embracing Crypto
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Fri, 08/22/2025 - 20:43
'New Dawn': Ripple CEO Reacts to Fed Governors Embracing Crypto
ByAlex Dovbnya
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The optimism of a rate cut sparked a market surge, which pushed S&P 500 higher, recording its biggest gain since May as investors piled into shares that often perform well amid lower interest rates. Megacaps likewise gained alongside a number of small firms and banks.Ripple CTO reactsIn a recent X conversation, an X user had pointed out that stocks of companies that were previously down based on dwindling short-term revenue were nearly up 10% on the news of potential rate cut signal by the Fed.
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Fri, 08/15/2025 - 11:59
Ripple CTO Addresses XRP Trust Relationships: Details
ByTomiwabold Olajide
Ripple CTO David Schwartz reacted to this, saying, "I think this is a sign that the market cares much more about the potential for long-term growth than short-term revenue." This sentiment by the Ripple CTO holds across the crypto market, with traders often considering long-term potential despite short-term volatility.I think this is a sign that the market cares much more about the potential for long-term growth than short-term revenue.— David 'JoelKatz' Schwartz (@JoelKatz) August 23, 2025 Powell’s speech, which signaled the central bank may not wait for perfect inflation before reducing rates, turned out to be a surprise for markets, especially cryptocurrencies, which had mostly traded down this week as investors considered macroeconomic uncertainty.The dollar fell and risk assets like Bitcoin rose, with Ethereum reaching an all-time high for the first time in nearly four years. XRP rose 6%, reclaiming $3 with a current market cap of $181 million.
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