Powell's speech has ended!
No hope for interest rate cuts?
Cryptocurrencies are plummeting across the board. Powell's mindset has always been that interest rate cuts lead to inflation. This time he actively apologized and acknowledged his mistakes, stating that the current economic framework shows inflation levels that are lower than the actual levels, and that there is a need to rectify the entire review framework. Therefore, everyone basically should not expect interest rate cuts anymore! Originally, the overall trend was downward, and if the main force cannot hold the market, a big plunge is about to come!
As for short-term positives, the EU is about to negotiate cooperation with the U.S. Department of Commerce. Regardless of whether it succeeds or not, it will bring opportunities for an increase. Everyone should pay close attention to this?
