Reason for the surge from last night to early morning:
U.S. President Trump: The Federal Reserve should cut rates quickly.
Federal Reserve Governor Waller reiterated the possible reasons for a rate cut in July, stating that the easing policy is not politically motivated.
Federal Reserve's Daly: I believe the Federal Reserve may take measures for two rate cuts.
Federal Reserve's Daly: Considering implementing a rate cut in the fall.
During the Federal Reserve's special meeting in the early morning, a strong signal for rate cuts was clearly given, and the market surged in response; the market always reacts before the rate cut, not at the moment of the cut.
