Tomorrow Jerome Powell will speak at the FED policy retreat. One year ago he announced at the same that "Inflation is transitory", the rest is history.

Tomorrow will be a quite big day for the stock market and crypto as we will get another official word by the FED on where they are going during the annual FED policy retreat in Jackson Hole. That's also been the reason markets were under pressure this week and crypto basically just had been crabbing, everyone is waiting for the next words by the FED.

Ironically, during the last of that annual meeting JPow said his infamous phrase that changed everything "Inflation is transitory" and well we know how transitory inflation has been now over the year. Let's see what he says this time and how the FED wants to reach especially after we had low inflation.

Crypto will be under pressure tomorrow so I would not trust any pump or dump before we get the news as those will likely be fake.