Trump and Powell meet suddenly, but the Fed is still making tough statements?
Tariffs may be lifted, tonight's data decides life and death!
First, let's talk about Trump. Recently, he secretly met with Federal Reserve Chairman Powell, and the outside world is speculating whether the two are reconciling. But don’t celebrate too early; other Fed officials have recently been making hawkish statements, clearly telling the market: September rate cut?
Don’t even think about it! What does this indicate? It indicates that the Fed currently does not care about the White House's demeanor and would rather bear the pressure than back down on inflation; they will not relent in the short term.
Now looking at tariffs, the U.S. court has thrown out a bombshell—demanding the repeal of Trump-era tariff policies within 10 days! This is no small matter; if enforced, the global trade chain will shake significantly. More critically, this might just be the beginning; will other trade policies be revisited? The market is currently focused on the chain reactions this could cause.
The most crucial thing tonight is actually the core PCE data to be released! This data directly reflects whether U.S. inflation has been suppressed. If the data cools more than expected, Bitcoin might take a breather and even rebound; if the data is still hot, the crypto market will have to continue taking hits. Everyone is betting on whether the Fed will be slapped in the face by inflation data or continue to hold firm!
If you find it hard to gauge and are always chasing highs and cutting losses, feel free to chat. Like + comment, and Tiger Brother will help you get on board.
