BitcoinLong
why choose to hold the meeting in Jackson Hole?
This week's macro events and data did not bring too many waves, the historical volatility (RV) of cryptocurrencies continued to go down, and the options market's expectations for volatility are gradually decreasing.
The most notable macro event of the month is the upcoming Jackson Hole Central Bank Annual Meeting, with news related to the Fed's interest rate cuts of particular interest, and options data looks to be more consistent in the market's expectations.
Today I heard an anecdote, why choose to hold the meeting in Jackson Hole?
The first time the meeting was held, then Federal Reserve Chairman Paul Volcker was a fan of the sport of fly fishing, and Jackson Hole was the best place for fly fishing at the time. So the Federal Reserve Bank of Kansas City proposed holding its annual meeting in Jackson Hole, and the tradition continues to this day. 🤣
The most notable macro event of the month is the upcoming Jackson Hole Central Bank Annual Meeting, with news related to the Fed's interest rate cuts of particular interest, and options data looks to be more consistent in the market's expectations.
Today I heard an anecdote, why choose to hold the meeting in Jackson Hole?
The first time the meeting was held, then Federal Reserve Chairman Paul Volcker was a fan of the sport of fly fishing, and Jackson Hole was the best place for fly fishing at the time. So the Federal Reserve Bank of Kansas City proposed holding its annual meeting in Jackson Hole, and the tradition continues to this day. 🤣
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