🚨🔊 Jerome Powell said in his speech today that he "thinks the next step is unlikely to be a rate hike, and it is more likely to keep the policy rate unchanged."

The Fed Chairman also commented on today's PPI data, saying that "the data is mixed."

Overall, his remarks calmed the market and eliminated hawkish sentiment after the April PPI data was higher than expected.

The power of macro data is so amazing that the BTC pie fell 550 points in one minute after the PPI was released at 20:30 in the evening. In particular, the monthly rate of PPI in the United States in April was predicted to be 0.3%, and the published value was 0.5%, which was significantly higher than expected. PPI and CPI can be classified as the same type of index, PPI stands for producer index, and CPI stands for consumer index. They are both the most direct performance data of inflation. But fortunately, the US dollar index and US bond yields only pulled a small needle when the PPI was released at 20:30, and then fell to a lower level. Tomorrow night's CPI is the main drama, please sit tight and hold on.

$BTC #ETFvsBTC #美国4月CPI通胀数据即将公布