On the upcoming August 22 at 10 PM, the Crypto Assets market will face a critical moment. Fed Chairman Powell will deliver a speech at the highly anticipated Jackson Hole Global Central Bank Annual Meeting, which will provide important guidance on whether there will be a rate cut in September and the potential magnitude of the cut.

Powell's speech focused on the evaluation of economic prospects and policy frameworks, essentially serving as the ultimate forecast for the question of 'whether to cut interest rates in September and by how much.' This speech has garnered significant attention due to the complex state of the U.S. economy recently: on one hand, tariffs have driven up inflation, with the Producer Price Index (PPI) soaring to 3.3%, a three-year high; on the other hand, signs of cooling have emerged in the job market, with the unemployment rate rising to 4.2%. This economic uncertainty is precisely what the Crypto Assets market fears the most.

Currently, the market generally expects the possibility of a 25 basis point rate cut in September to exceed 85%. However, there are also more aggressive views suggesting a potential 50 basis point cut, a viewpoint supported by the U.S. Treasury Secretary. It is worth noting that some analysts warn that Powell may pour cold water on this during his speech, particularly dampening market expectations for a 50 basis point rate cut.

For crypto assets investors, this speech is undoubtedly an important barometer. Investors need to pay close attention to Powell's remarks, especially his judgments on the economic outlook and his views on inflation. At the same time, they should also be wary of potential market overreactions and maintain a rational and cautious investment attitude.

At this critical moment, the cryptocurrency market may experience significant volatility. Investors should be prepared for risk management, avoid excessive leverage, and adjust their portfolios according to their risk tolerance. Regardless of the outcome, maintaining a long-term investment perspective and focusing on the fundamentals and technological developments of crypto assets is the wise choice.