Today is August 23. I have seen the statements of the Fed officials. In fact, after carefully reading the statements of each official, I can see that they basically maintain an observational attitude towards the future situation. This point may be relatively different from the current hype of the Fed. In particular, the three influential Fed officials have a prudent decision on the issues of inflation and employment. The current employment indicators in the United States, even if the unemployment rate is 4.1 to 4.3, compared with the historical low of 5%, there is still a lot of room for regulation. The lowest point of the unemployment rate in the United States should be the reason why the Fed's interest rate cut is not symmetrical. Compared with the US inflation of 2.9%, although it is on the 2% line, the gap between 2% and 2.9 is well known by the Fed officials. The possibility of the US inflation reversal in the future should be the reason why the Fed's interest rate cut is not reasonable. Therefore, compared with the current hype of the Fed's interest rate cut, it is an emotional buy reality. However, the actual data is completely contrary to the basic logic and volatility of the entire US economy, including the US PMI index, the summer vacation mode and the factory maintenance cycle. The PMI index has declined, but the US service industry index has remained relatively stable and upward. Retail data and consumer fund index are both parameters of the US interest rate hike. So relatively speaking, selling expectations has become a market blunder. The hype of expectations does not represent the future and reality, and the actual data tells us that the future reality may be completely opposite to expectations. What do you think? #杰克逊霍尔年会 #美联储何时降息？ $BTC $ETH $SOL