A broad selloff in heavyweight tech stocks at the start of the week abruptly reversed after US Federal Reserve Chair Jerome Powell delivered a speech that bolstered expectations of a September interest rate cut. Speaking at the Jackson Hole Economic Policy Symposium, Powell took a more dovish tone than investors may have been expecting, noting a slowdown in both worker supply and demand that could lead to employment risks. He stated that the shifting balance of risks may warrant adjusting the Fed’s policy stance, stressing the need to balance both sides of the central bank’s dual mandate when goals are in tension. This is a change from the Fed’s previous stance, which had been more focused on the need to keep rates high to fight inflation. Powell acknowledged the visible, though likely temporary, effects of tariffs, cautioning about the potential for persistent inflation, but signaled that the Fed is now…

Statistics Canada released July’s consumer price index (CPI) data on Tuesday (August 19). The figures show that inflation decelerated in the month, posting a 1.7 percent year-on-year gain, down from the 1.9 percent recorded in June. The most significant contributor to the fall was a 16.1 percent decline in gasoline prices from the same period last year. Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June. The national reporting agency released June’s mineral production survey on Wednesday (August 20). The data indicates that production and shipments increased across the board, with copper production rising to 39.17 million kilograms, gold rising to 16,935 kilograms and silver increasing to 29,081 kilograms. For shipments, copper increased to 45.96 million kilograms from 34.38 million kilograms, gold shipments rose to 18,554 kilograms from 16,725, and silver jumped to 31,391 kilograms from 27,614 kilograms. On…

Citing a shifting economic situation in the US, Federal Reserve Chair Jerome Powell indicated that the central bank is ready to adjust interest rates during his speech at the Jackson Hole Economic Policy Symposium. Powell indicated that the Fed’s dual mandate goal is essentially in balance, saying the labor market remains close to maximum employment and that inflation has eased from post-pandemic highs, although it remain elevated. However, the Fed head also noted that “the balance of risks appears to be shifting,” with significant uncertainty in the economy as a result of higher tariffs, tighter immigration and a slowdown in the pace of growth in the labor market. “Over the longer run, changes in tax, spending, and regulatory policies may also have important implications for economic growth and productivity,” Powell added in his Friday (August 22) address. The biggest challenge for the Fed is maintaining its dual mandate of ensuring…

Here’s a quick recap of the crypto landscape for Friday (August 22) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$116,546, a 3.9 percent increase in 24 hours. Its lowest valuation of the day was US$112,019, and its highest was US$117,310. Bitcoin price performance, August 22, 2025. Chart via TradingView. The crypto market rallied after US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium offered clues that the Fed may be preparing to lower interest rates in September. Bitcoin jumped from US$112,000 to US$116,000 in just over an hour. The current situation with inflation and the labor market, Powell said, “may warrant adjusting” the Fed’s monetary policy stance. Powell cited a “curious balance” in the labor market, with reduced worker supply and…

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Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long term has experts concerned. Due to its importance in construction, energy transmission and new technologies, copper is a critical metal needed to power the future of our society. However, mined supply has not kept pace with demand, with few new operations coming online, and older mines facing decreasing grades and lower outputs. The term “peak copper” was coined because some experts believe that copper reserves may be diminishing. According to the US Geological Survey (USGS), more than 700 million metric tons of copper have been mined throughout history, and current economic global copper reserves stand at 980 million metric tons. Nearly all of that mined copper is still in circulation, as the red metal’s recycling rate is higher than that of…