🧠 Summary of Fed Chair Jerome Powell's Testimony (June 24–25)
1. On Interest Rates:
Powell maintains interest rates at 4.25–4.5% and emphasizes that current data is not clear enough to make a decision on cuts.
👉 In summary: Waiting for more data, no rush.
2. On Inflation:
Powell is concerned about the risk of inflation rising due to strict tariff policies, although President Trump believes everything is fine: low inflation, strong employment.
➡️ Powell is more cautious because he thinks current data is noisy and less reliable than before.
3. On the Role of the Fed:
Powell emphasizes: The Fed is a reactive entity, not an economic prophet.
And: "The Fed is independent, not subject to political influence" – a firm statement amidst rising pressure from the White House.
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📉 DXY fell sharply today: down to 97.3 points
→ This is the lowest level in nearly 3 years.
✅ DXY decrease = weaker dollar
✅ When the USD is weak, money tends to flow into high-risk assets like real estate, stocks, crypto...
➡️ The game is just beginning.
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💡 An interesting detail:
Although DXY has fallen sharply, the USD/VND exchange rate has still increased by about 2.46–2.65% over the past year.
👉 This shows: The USD is still stronger compared to the Vietnamese dong, even though it is generally losing value in the international market.
