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Ethereum (ETH) made quite a recovery today, registering more than 3% gains in the daily charts at one point. ETH’s price hit $4368.07 earlier today, but has since fallen to $4301.80. According to CoinGecko’s ETH data, the second-largest crypto by market cap is currently up by 2.9% in the daily charts, 17.5% in the 14-day charts, 16.9% in the monthly charts, and 65.9% since August 2024. Source: CoinGecko Will Ethereum’s Price Gain Steam After The Fed’s Jackson Hole Meeting? Source: Watcher.Guru The Jackson Hole Economic Policy Symposium, or simply the Jackson Hole meeting, is an annual meeting organized by the Federal Reserve Bank of Kansas City. This year, the meeting is scheduled to take place from Aug. 21–23, 2025. The meeting is closely watched by investors as it often gives clues about future policy directions. The discussions of the meeting can influence global markets. Ethereum’s latest price rally comes just ahead of this year’s Jackson Hole me...

Bank of America Global Research recently stated in a note that they anticipate the Federal Reserve raising interest rates to 6%. Not just for the US but for other countries throughout the world as well, rising inflation has been a worrying problem. Global central banks have been working hard to contain rising inflation and avert the threat of a recession. Also read: Crypto and SEC: Here’s How the SEC Brought its Crackdown Game in February 2023 The Fed has been boosting Interest Rates to bring inflation under control. However, the recent speculation by Bank of America is higher than the earlier expected interest rate of 5.4% by traders. JUST IN: 🇺🇸 Bank of America says Federal Reserve may increase interest rates to almost 6%. — Watcher.Guru (@WatcherGuru) February 28, 2023 Bank of America says strong US consumer demand will force interest rate hike According to Bank of America, the possibility of a rise in interest rates is likely due...