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The currency circle plummeted, Powell's speech caused market turmoil

Last night, the speech of Federal Reserve Chairman Powell caused violent fluctuations in the financial market. He emphasized that the US economy is strong, but interest rate cuts need to be cautious, causing cryptocurrencies such as Bitcoin to plummet by nearly 7,000 points.

Powell's core views:

Strong economy: The US economy is performing "quite well", the labor market has recovered, and inflation has steadily declined. There is no rush to cut interest rates: The path of interest rate cuts depends on economic data, and the current strong economy means that there is no rush to cut interest rates.

Trump policy: The Fed will carefully evaluate the impact of new policies. Artificial intelligence: Generative AI may have a huge impact on productivity, but the impact will be late.

Market reaction:

Bitcoin plummeted, traders adjusted their expectations for interest rate cuts, and the pace of interest rate cuts may slow down.

Investment advice:

Be cautious about bottom-fishing, pay attention to economic data, especially inflation and employment. Pay attention to Trump's policy trends, stay rational, and formulate long-term investment strategies.

Note: The views in this article only represent the author and do not constitute investment advice. Investors need to make decisions carefully.

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