Powell's Major Statement! The Federal Reserve Announces Interest Rate Cut Timeline, and Clearly States: Absolutely No Purchase of Cryptocurrencies!
Latest news! Federal Reserve Chairman Powell submitted the semiannual monetary policy report to the House of Representatives, igniting market attention: There is a high probability of an interest rate cut before the end of this year, with the specific timing depending on inflation and employment data! Inflation is affected by summer tariffs and may be temporary or long-term, but the Federal Reserve has a clear goal—anchoring a long-term inflation expectation of 2% to stabilize the economy!
Even more explosive, Powell sternly declared that the Federal Reserve has no authorization to purchase cryptocurrencies and does not intend to seek this power! However, banks can freely provide comprehensive services to the crypto industry under the premise of ensuring safety and compliance, which undoubtedly releases enormous potential for the expansion of crypto financial services!
The dominance of the U.S. dollar remains solid, and its status as the world's reserve currency is hard to shake. Investors, the policy direction is clear, expectations for interest rate cuts boost the market, and the freedom of service in the crypto industry is enhanced. How should future layouts take the lead? The answer lies in this report! Get ready to embrace a new round of wealth opportunities!