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Traders Hold Breath For Powell’s Remarks, Bitcoin’s Wild Ride Unleashed: What’s Driving Markets Thursday?

The stock markets is in a lackluster session on Thursday, with traders eagerly awaiting more clues on monetary policy from Fed ChairJerome Powell, who is set to deliver live remarks at 2 p.m. in Washington. In other Fed commentary, Richmond Fed President Thomas Barkin emphasized the need for an economic slowdown to complete the disinflation process and reach the 2% target. Bitcoin (CRYPTO: BTC) experienced a rollercoaster ride, surging as much as 6.5% at 10 a.m. only to nearly erase its gains by noon trading in New York. Jitters returned to the Treasury market, with yields surging significantl…