Finally, the interest rate cut wave is coming

Powell finally changed his words and said that inflation data strengthened confidence. The market predicts that interest rates will be cut in September, and Bitcoin will usher in macro benefits!

In his recent speech, Federal Reserve Chairman Powell has clearly changed his previous dovish stance. Previously, he emphasized that more evidence of falling inflation is needed before he is confident that inflation can be reduced to 2%. But now he said that the three inflation data in the second quarter have greatly increased his confidence. More importantly, he no longer insists that inflation must fall to 2% before considering interest rate cuts, which means that the door to interest rate cuts has been opened.

Major institutions have predicted that September will be the starting point for interest rate cuts, and Goldman Sachs has boldly predicted that interest rate cuts will begin in July. The market consensus CME expectations show that the probability of a rate cut in September is as high as 100%. From now until the end of the year, there is even a probability of a 100 basis point rate cut of nearly 10%,

This is undoubtedly a huge positive for Bitcoin. $BTC