According to BlockBeats, on August 22, Tom Lee posted on the X platform stating that Powell's speech is interpreted as "dovish", which is in line with expectations and is favourable for encryption (BTC, ETH). In the tweet he referenced, Tom Lee predicted on August 19 that in conversations with institutional investors, more people expect Fed Chairman Powell to lean towards "hawkish", as he does not want to be forced to cut interest rates. Because this is the "baseline scenario", his statement is likely to be seen as "dovish". This means that the stock market may rise on Friday after the Jackson Hole event.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tom Lee cited his prediction of "rise on Friday": Powell's speech was interpreted as "dovish", Favourable Information for encryption.
According to BlockBeats, on August 22, Tom Lee posted on the X platform stating that Powell's speech is interpreted as "dovish", which is in line with expectations and is favourable for encryption (BTC, ETH). In the tweet he referenced, Tom Lee predicted on August 19 that in conversations with institutional investors, more people expect Fed Chairman Powell to lean towards "hawkish", as he does not want to be forced to cut interest rates. Because this is the "baseline scenario", his statement is likely to be seen as "dovish". This means that the stock market may rise on Friday after the Jackson Hole event.