It's outrageous🔥
Last night, the expectation of rate cuts was fully burning, and US stocks and cryptocurrencies rose across the board
810,000 employment forces "disappeared" + the Fed minutes were dovish!
Perhaps there is no need to wait until Powell speaks on stage this Friday. Market traders have already had a clear understanding of the "situation" of the Fed's September interest rate meeting overnight.
On Wednesday, the yields of US bonds from two-year to 30-year periods fell further to a two-week low. At the same time, the interest rate swap market's expected bets on the Fed's rate cuts this year have returned to more than 100 basis points. This series of market conditions and expected changes are only due to two things: the US non-farm data suffered the largest annual downward revision in 15 years, and the Fed minutes released a clear dovish signal.
