The Fed's meeting resolution is completely consistent with the market's expectations. The Fed continues to maintain interest rates at 5.25% and 5.5%, which may be mainly because the US dollar market has become an obstacle or even a risk factor for the Fed's interest rate hike. Its parameters are closely related to the inflation data released by the US Department of Labor, because inflation is a downward rhythm, which is more conducive to the Fed's maintaining a stable interest rate. Powell's attitude and the Fed's internal resolution have also changed, because Powell clearly stated that among the 19 Fed officials who may cut interest rates once this year, 2/3 may still insist on keeping the interest rate high. So I think that the Fed's interest rate cut may be hype, and the probability of raising interest rates exists, but there is also 1/3 of the US dollar that may also advocate one or two interest rate cuts, and this change is related to the US dollar market, because the US dollar is high, 101 at the beginning of the year, and now 104, so the US dollar will depreciate. Hype about the Fed's interest rate cut should be the main market in the future, and the benchmark for public opinion hype and market trends. The Federal Reserve will continue to insist on its role of raising interest rates this year, and inflation may be an important reference. In the future, the rise in oil prices and precious metal commodity prices are all possible potential inflation increases. #杰克逊霍尔年会 #美联储何时降息？ $BTC $ETH $SOL