Tonight, be cautious as Powell's speech may trigger market fluctuations!
Tonight at 23:30, Powell will deliver a speech at the Philadelphia National Association for Business Economics.
Given the U.S. government shutdown and the authenticity of economic data, his remarks will be closely monitored and interpreted by the market.
If Powell focuses on the labor market, the market will interpret this as leaving room for 1-2 more rate cuts before the end of the year.
If he leans towards addressing the persistence of inflation, it would mean that the threshold for further easing is higher, which would dampen market expectations for a rate cut in October.