The Fed's late-night meeting was fruitless, and the hopelessness of interest rate cuts exacerbated global market tensions
After the Fed's emergency meeting, the world was heartbroken, and expectations of interest rate cuts were completely shattered. Faced with domestic economic pressure, the Fed was overwhelmed, and the difficulty of interest rate cuts increased sharply. The US and Japanese stock markets were turbulent, the global economy was tight, and countries were full of doubts about the Fed's moves.
Under the hegemony of the US dollar, the interest rate hike trend swept the world, and countries were forced to follow and fell into a dilemma. After eleven consecutive interest rate hikes, the global economy was under pressure, consumption shrank, and the risk of stagnant growth increased. If you don't follow, foreign trade will be hindered, and the appreciation of the US dollar will cause the cost of cooperation to soar, and you will be in a dilemma.
The US strategy shows a conspiracy, raising interest rates to push up the US dollar, curb China's exports, and reduce debt pressure. However, China's economy is resilient, stabilizing the economy and aiding other countries, and the US calculations have failed and suffered.
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@点这里 加密乘风 Recent inflation data has diverged, and the market expects the Fed to "preventively cut interest rates", but a 50 basis point cut is difficult, and expectations for a 25 basis point cut in September have increased. The stock market reacted violently, with Intel's plunge leading the decline of US stocks.
Against this backdrop, the crypto market is also not immune, with price fluctuations of BTC, ETH, BNB and other products intensifying. The market is waiting for the next move of the Federal Reserve, and the direction of the global economy is uncertain.
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