The dialogue is ongoing and I can summarize as follows:
The US economy developed well in the second quarter (3% growth).
The labor market is performing well
Unemployment rate is low from 2020 onwards
Inflation also gradually decreased
Currently, the FED still maintains the interest rate and has not committed to reducing the interest rate in any month.
However, Jerome said something that gave the market a positive sign: if we wait for inflation to drop to 2%; Maybe we will have to wait a long time. Proves that if high interest rates are maintained for a long time, the market reaction will be very negative. Forcing the FED to adjust interest rates if the signals remain positive.
If the indicators in Q3 are positive, the possibility of the FED reducing interest rates is extremely high. And it takes until Q4; The crypto market will be strongly bullish
