Is there no interest rate cut in July? Why has it been falling these past two days?

First of all, Powell mainly talked about a monetary policy framework issue. The Federal Reserve's monetary policy framework is actually not a particularly traditional matter.

Plus, Trump is stirring things up again, setting new tariffs globally, but fortunately, the market feels it can't be too crazy.

However, the downgrade of the U.S. credit rating poses risks for the risk market. It's worth noting that the downgrade of the U.S. credit rating in 2011 caused turmoil in the U.S. Treasury market.

According to the current interest rate market, the probability of an interest rate cut in June is basically zero. Moreover, this isn't over yet; the chance of a rate cut in July is also only a measly one-third, so the first interest rate cut this year is likely to happen at the meeting in late September.

It feels like the market has risen too sharply recently, and it's holding back a lot of energy. Brothers who are bullish lately should pay attention; the market seems to be correcting. Perhaps it's slowly building strength. The Alpha sector has been quite hot lately, and all small news will be communicated in the small circle in real-time. If you're still operating blindly, it would be better to gather everyone's efforts here.