"Night of Horror"! CPI cools, interest rates freeze! What happened last night?

Last night was really a day of ice and fire, 20:30-2:00, 2:00-now, two prices!

After the CPI data came out, BTC immediately shot up a big positive line, from 67,000 directly to 70,000. After Powell started to speak, it went from close to 70,000 directly to 65,000, a combination of ice and fire!

Several key messages from last night’s Fed meeting:

1. The U.S. core CPI fell to a three-year low in May, lower than expected, and expectations for an interest rate cut have increased.

2. The Federal Reserve kept interest rates unchanged for the seventh consecutive time, in line with market expectations.

3. The dot plot predicts only one 25 basis point interest rate cut in 2024, and four rate cuts in 2025.

4. The inflation rate has eased significantly, but it is still too high, and interest rates are not expected to be cut until inflation is sustainable towards 2%.

5. It has not yet reached the stage of announcing an interest rate cut date, and monetary policy will be relaxed as appropriate in the future.

The CPI in the United States was lower than expected, and the market immediately became excited again. It can only be said that the expectation management of the United States is too strong, but it is obvious that there is still no urgency for the Federal Reserve to cut interest rates.

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