The focus of Powell's speech today, Powell is doing Tai Chi again! The Fed's Tai Chi is better than Zhang Sanfeng.

1. No one regards rate hikes as a basic expectation, which means there will be no rate hikes.

2. We regard today's CPI report as progress, which strengthens our confidence and shows that the Fed has increased its confidence in cutting interest rates.

3. If employment conditions are unexpectedly weak, the Fed is ready to respond. If employment conditions are unexpectedly weak, the Fed is ready to cut interest rates!

4. If we see more unemployment than we forecast, we will treat it as unexpected weakness. It means that if the number of unemployed people rises, interest rates will be cut!

5. It is not yet time to announce the date of the rate cut!

6. The Fed does not believe that a strong dollar is good or bad for the US economy, and we are fully aware of the dual risks we face. We understand the risks of waiting too long or acting too quickly, and we are working hard to manage these risks.

7. If you look back in 5 or 10 years and try to find a significant impact of a 25 basis point rate cut on the US economy, you will find it difficult. This statement has probably proved that the Fed is ready to cut interest rates by 25 basis points suddenly.

In short, it's a bunch of bullshit. The employment situation will completely affect whether the Fed will cut interest rates suddenly. If the subsequent employment situation exceeds the forecast, another meeting will be held to cut interest rates suddenly. $BTC $ETH $BNB #美国5月CPI超预期回落 #美联储利率决策即将公布

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