加密贝姐
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It's urgent, it's urgent, the Federal Reserve is finally in a hurry to come out and protect the market for the country, something big is coming!
Since Christmas, the U.S. stock market has been in a continuous decline for four days. Throughout the Christmas period, there was no talk of any Christmas rally, not a single day was up, and the cryptocurrency market was naturally not spared. Isn't it frustrating?
In addition to managing unemployment and inflation, one of the most important unspoken rules of the Federal Reserve is to safeguard the U.S. stock market.
On Friday night, even before the holiday was over, the Federal Reserve hurriedly came out to stabilize the market.
First, the Federal Reserve's senior official, Kuger, personally appeared on CNBC to give a speech. According to past practices, he could have made a statement remotely, but this time he personally went to the live studio to address everyone. He said that the current decline in U.S. inflation is going very smoothly,
the underlying inflation in November only increased by 0.1%, the smallest increase since May 2024. The current labor market is also resilient; although the unemployment rate briefly rose above 4.2 in November, it is still at a historical low. This is reassuring the market.
After his speech, the Federal Reserve's governor, Barkin, from Richmond, came on stage to say two more important things. First, the Federal Reserve has cut interest rates three times in a row by 100 basis points. Although inflation has not yet reached the target and there is still a long way to go, he believes that it is not necessary to maintain such a high restrictive stance to achieve this. This is very straightforward, meaning that this year, [there will still be rate cuts]. Additionally, he mentioned that the current restrictions are still very high. What does that mean? There is still plenty of room for rate cuts, which tells the market that first, there will be rate cuts in 2025, and second, the extent of the rate cuts will not be small.
So, how about that? Are you satisfied? As expected, after the speeches of the two Federal Reserve officials, the three major U.S. stock indices stopped falling and rebounded significantly, with the Nasdaq soaring by 1.77%. The Bitcoin ETF saw a significant net inflow of 908 million, ranking sixth in terms of single-day net inflow in history. It seems that after returning to work next Monday, U.S. capital will accelerate its return, and the market finally has hope.
Will the global market warm up, and can the long-awaited altcoin season also catch this tailwind? We'll wait and see next week.
Since Christmas, the U.S. stock market has been in a continuous decline for four days. Throughout the Christmas period, there was no talk of any Christmas rally, not a single day was up, and the cryptocurrency market was naturally not spared. Isn't it frustrating?
In addition to managing unemployment and inflation, one of the most important unspoken rules of the Federal Reserve is to safeguard the U.S. stock market.
On Friday night, even before the holiday was over, the Federal Reserve hurriedly came out to stabilize the market.
First, the Federal Reserve's senior official, Kuger, personally appeared on CNBC to give a speech. According to past practices, he could have made a statement remotely, but this time he personally went to the live studio to address everyone. He said that the current decline in U.S. inflation is going very smoothly,
the underlying inflation in November only increased by 0.1%, the smallest increase since May 2024. The current labor market is also resilient; although the unemployment rate briefly rose above 4.2 in November, it is still at a historical low. This is reassuring the market.
After his speech, the Federal Reserve's governor, Barkin, from Richmond, came on stage to say two more important things. First, the Federal Reserve has cut interest rates three times in a row by 100 basis points. Although inflation has not yet reached the target and there is still a long way to go, he believes that it is not necessary to maintain such a high restrictive stance to achieve this. This is very straightforward, meaning that this year, [there will still be rate cuts]. Additionally, he mentioned that the current restrictions are still very high. What does that mean? There is still plenty of room for rate cuts, which tells the market that first, there will be rate cuts in 2025, and second, the extent of the rate cuts will not be small.
So, how about that? Are you satisfied? As expected, after the speeches of the two Federal Reserve officials, the three major U.S. stock indices stopped falling and rebounded significantly, with the Nasdaq soaring by 1.77%. The Bitcoin ETF saw a significant net inflow of 908 million, ranking sixth in terms of single-day net inflow in history. It seems that after returning to work next Monday, U.S. capital will accelerate its return, and the market finally has hope.
Will the global market warm up, and can the long-awaited altcoin season also catch this tailwind? We'll wait and see next week.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.