$BTC
At 1:55 a.m. on October 1, 2024, Beijing time (1:55 p.m. on September 30, Eastern Time), Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics. According to CCTV News, Powell said in this speech that the recent 50 basis point interest rate cut should not be interpreted as a sign that future measures will be equally aggressive. The next step will be smaller in scale. If economic data remains consistent, there may be two more interest rate cuts this year, with a total of 50 basis points.
Prior to this, the Federal Reserve announced a 50 basis point interest rate cut on September 18. The market is highly concerned about the future monetary policy direction of the Federal Reserve. Powell's speech is a further elaboration of future policies and has an important impact on the financial market.
