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Ether surges, trading close to its record again after Powell speech teasing rate cuts
The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second largest cryptocurrency was last higher by nearly 10% at $4,652.51, according to Coin Metrics. Last week, ether nearly touched its 2021 all-time high of $4,866.01, before falling as low as the $4,000 this Tuesday. Bitcoin rose 4% to $116,659.12. The moves came during Powell’s annual address from Jackson Hole, Wyo. He said, “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant ... (full story)
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From @FirstSquawk|Aug 22, 2025|6 commentsCanada Will Lift Its Counter Taris On All U.S. Goods Covered By U.S.-Mexico-Canada Agreement, Says Prime Minister Mark Carney CARNEY SAYS CANADA CURRENTLY HAS THE BEST TRADE DEAL WITH THE UNITED STATES; IT IS IMPORTANT WE DO EVERYTHING CAN TO PRESERVE CANADA'S ADVANTAGE CANADA WILL RETAIN TARIFFS ON STEEL, ALUMINUM AND AUTOS AS WE WORK INTENSIVELY WITH THE U.S. TO RESOLVE THE ISSUES THERE.- CARNEY… Canada's PM Carney: The decision to remove counter tariffs on all US goods covered by the USMCA will take effect on September 1st, 2025.
From apnews.com|Aug 22, 2025Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and ...
From @RedboxWire|Aug 22, 2025|6 commentsFederal Reserve Official Hammack Says Chair Powell Is 'Open Minded' About Future Policy Plans FED'S HAMMACK: FED SHOULD STICK TO MODESTLY RESTRICTIVE MONETARY POLICY ?HAMMACK: FED IS STILL MISSING BADLY ON INFLATION MANDATE FED'S HAMMACK: A BIG WEAKENING IN JOB MARKET COULD DRIVE FED TO CUT RATES JOB MARKET MUST BE EVALUATED BY WIDE RANGE OF DATA BROAD PICTURE OF FINANCIAL STABILITY LOOKS GOOD Federal Reserve Official Hammack Says Policy Is "Only Modestly Restrictive"
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From bbc.com|Aug 22, 2025Canada's Prime Minister Mark Carney said on Friday that his country will drop some of its billions of dollars in retaliatory tariffs on US goods, though it will keep levies on ...
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