Fed Chair Kevin Warsh speaks at Jackson Hole TODAY — 10:00 AM ET. This is the big one.

Also dropping: Final UoM Consumer Sentiment + revised inflation expectations.

Warsh's tone = everything for Sept FOMC rate expectations.

Dovish signal → rate cut odds up → liquidity incoming → $BTC and $ALTs catch a bid.

Hawkish tone → risk assets get hit.

All eyes on Jackson Hole. Market's about to get direction.