Watched a speech by Federal Reserve Governor Waller for a while, which briefly outlined three key points!
1: The increase in tariff measures may lead to layoffs; a good way to offset tariff costs is through layoffs, indicating to the market that there may be unexpected unemployment rates in the future.
2: The impact of tariffs has basically been realized in the first half of the year; more may manifest in the second half and may be a one-time impact rather than a recurring one.
3: Policies are still based on data; with rising unemployment rates, interest rate cuts may begin; the unemployment rate is a hard indicator for starting rate cuts, and that cannot be changed, but if the unemployment rate is too high, it becomes problematic. Additionally, there was a strong emphasis on the status of the Federal Reserve and Powell's position.
Nothing else to add; let's look forward to the release of the first non-farm payroll data and unemployment rate in May!
In summary, Waller's speech this time has sent some signals to the market, which is quite good.
The US stock market performed well today, but $BTC did not follow; not following is okay, it can rise later too!