The morning short-term layout successfully led students to achieve profits, and the morning market comparison of Bitcoin and Ethereum is indeed a bit disappointing.
The real economy is performing strongly and inflation has significantly eased.
Federal Reserve Chairman Powell stated that the overall economic performance is strong, and the Federal Reserve will continue to focus on its dual mandate, committed to maintaining robust economic growth. High inflation has greatly alleviated, and the labor market remains solid.
The policy stance will shift towards a neutral position over time.
Federal Reserve Chairman Powell mentioned that inflation expectations remain stable. Today, the Fed lowered interest rates to further adjust its policy stance. The policy stance will shift towards a neutral position over time, and the Fed will continue to make decisions on a meeting-by-meeting basis. Lowering interest rates will help maintain strong economic growth. The policy is in a good position to address risks. If the economy remains strong and inflation does not fall back to 2%, then policy adjustments can be made more slowly.
In the short term, elections will not affect policy.
Federal Reserve Chairman Powell stated that in the short term, elections will not affect policy; there will be no discussion of any election-related matters. The timing and substance of changes in government policy are unclear. Therefore, it is uncertain how policy will impact the Fed's objectives. The Fed does not comment on fiscal policy. Currently, the Fed has not modeled potential changes in fiscal policy.
