Oh no, this interest rate cut is likely to fall through again!

Powell probably didn't anticipate that he would turn a good strategy into a dilemma.

June was supposed to be the golden window for rate cuts: A-shares had stabilized at the bottom, U.S. employment was showing signs of fatigue, and inflation remained within a controllable range. Logically, starting a rate cut could not only provide momentum for U.S. stocks but might also allow for a chance to buy into the Eastern markets at a lower price. But he insisted on waiting—wanting to see issues in the real estate market while also trying to slow down Trump with policy timing. What he ended up with was A-shares rising steadily, while U.S. employment data became increasingly grim.

Now, wanting to accelerate rate cuts, the biggest worry is that capital will turn and flow to the East: after all, the stock market here is heating up, while the U.S. is still burdened with massive debt, and the interest pressure corresponding to a 4.5% rate has already made it hard to breathe. Once 'the East rises and the West declines' becomes a trend, U.S. stocks, U.S. bonds, and the dollar will all be in jeopardy. But if there are no rate cuts, the employment downturn cannot be stopped, and U.S. stocks' weakness won't last long either. It seems that the good days in America may really be coming to an end! $BTC $ETH #ETH创历史新高 #美联储降息预期 #BNB创新高