Published by
Benzinga
Benzinga
Major cryptocurrencies experienced a significant drop on Thursday evening in anticipation ofFederal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium hosted by the Kansas City Federal Reserve. This annual gathering on Friday unites central bankers and economists at the highest levels, making it a pivotal event in the market. What Happened: Investors will eagerly pay attention to this speech as they seek indications regarding the outlook for monetary policy. U.S. initial jobless claims dropped to 230,000 last week, compared to the previous week’s 240,000 and economist…