Powell: The time for policy adjustment has come, and the direction forward is clear🔔
Fed Chairman Powell said: "Now is the time for policy adjustment. The direction forward is clear, and the timing and speed of rate cuts will depend on the upcoming economic data, the changing outlook, and the balance of risks."
Powell believes that overall, the US economy continues to grow at a solid pace. But inflation and labor market data show that the situation is changing-the upside risks to inflation have weakened, while the downside risks to employment have increased.
The Fed is concerned about the dual risks facing its dual mission. Powell believes that the current level of policy interest rates provides the Fed with ample room to deal with any risks it may face, including the risk of further deterioration in labor market conditions.
As I said before, be careful of the violent fluctuations caused by Powell's speech, and the long and short double kills. Sure enough, BTC appeared on time to perform a sharp rise and fall. This uncertain trend is the most likely to kill high-frequency operators. It's good to hide. It's stable to attack with a direction🤑
