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First Mover Asia: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments - CoinDesk

Even by these standards, Jerome Powell's remarks at the Fed's Economic Symposium on Friday drew particular attention, coming amid a flood of often confounding economic indicators, including July's decline in the Consumer Price Index (CPI) suggesting that inflation, which reached a 40-year high the previous month, was waning. Would Powell be a hawk, or signal a softening in interest rate hikes?

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