Explaining to crypto brothers what Powell said:
Powell 'cracked the door open but didn't walk in'. Given that current data trends do not show significant reversal, the chance of a small rate cut in September is relatively high; however, whether to initiate 'continuous cuts' still entirely depends on the August employment and PCE/CPI 'midterm exams'.
Next important timeline:
August 29: July PCE/Core PCE (BEA).
September 5: August Non-Farm Payroll and Unemployment Rate (BLS).
September 11: August CPI (BLS).
September 16-17: FOMC Interest Rate Decision + Dot Plot (SEP).
The real global bull market that has been awaited for three years (including the surge of altcoins) seems to have a sign.
