Finance News
By Maheen Hernandez
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What Warsh Actually Said at Jackson Hole. The number that rattled traders: 54%. That's the share of PCE inflation components that rose by…
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XRP's Bigger Picture Despite the Drop. Here's the thing, though. XRP is still up about 39% over the past month, per CoinGecko data.
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September Fed Meeting Now Dominates Market Thinking. Traders are watching every inflation print between now and the September meeting with a level of…
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XRP got hit hard Friday. The token slid to $1.38, a drop of roughly 5% in 24 hours, after Federal Reserve Chair Kevin Warsh took the microphone at Jackson Hole and said things…
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Warsh had been trading as high as $1.47 before the remarks landed. That gap — nearly a dime — tells you pretty much everything about how fast sentiment can flip when the Fed…
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The number that rattled traders: 54%. That's the share of PCE inflation components that rose by more than 3% over the past year, per Warsh's own framing at the summit.
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That's not confirmed. No rate decision has been announced. But the speculation alone was enough to move markets, which is kind of how Jackson Hole works.
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The September meeting is now the focal point for crypto market participants. Unclear exactly what form any policy shift would take, but the possibility of a hike is sitting over…
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Here's the thing, though. XRP is still up about 39% over the past month, per CoinGecko data. That's not a typo. Thirty-nine percent.
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That monthly gain matters because it puts the Jackson Hole reaction in context. XRP had been running.
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Read also: Crypto Traders Brace for Fed Chair Warsh’s Key Jackson Hole Inflation Speech
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And the broader crypto sector had been moving similarly. Risk assets across the board felt the pressure Friday. It wasn't an XRP-specific story. Bitcoin moved. Ethereum moved.
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If that pattern holds, the argument for holding rates steady gets harder to make. And if rates go up, the cost of capital rises, risk appetite shrinks, and assets like XRP tend…
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But nothing's certain yet. Warsh warned. He didn't promise. The Fed could still hold. Inflation data between now and September could soften.
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Read also: Dollar Surges Near One-Week High as PCE Data Fuels Fed Rate Concerns
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