Powell suddenly announced interest rate cuts, and global markets exploded!
This guy dropped a big hint today, suggesting that interest rates might be cut in the coming months, and the market immediately got restless. Although he mentioned that inflation has indeed decreased a bit, it is still above the Federal Reserve's target, and the job market is quite strong, with the unemployment rate steady at 4.2%. However, he also left himself an out, saying he would need to look at more data and wouldn’t rush into action.
The market reacted incredibly quickly:
US stocks dipped slightly, bond yields surged, and cryptocurrencies went on a rollercoaster ride, with Bitcoin and Ethereum leading the charge.
What should we focus on next?
If the next Federal Reserve meeting really announces a rate cut, then risk assets are likely to skyrocket:
Tech stocks could surge wildly, and altcoins and DeFi tokens might rebound violently.
But don’t celebrate too early! Powell’s remarks were ambiguous, meaning “we’ll see how it goes,” and a change of mind is always possible.
To summarize:
This speech might indicate a shift in Federal Reserve policy, and the market is sure to experience huge volatility moving forward. Investors need to quickly adjust their strategies; the next economic data could be the trigger. Don’t wait, prepare now!
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