Powell's speech last night, important information summary:
1. Powell said that before the Fed's confidence in inflation continuing to approach 2% increases, it is not appropriate to cut interest rates. Too much and too early easing policy may affect the progress of inflation.
2. -- Suggesting that the Fed is paying more attention to when to cut interest rates as inflation has resumed its decline and the labor market shows signs of cooling.
3. -- Pointed out that the labor market seems to have fully restored balance, and the next policy move is unlikely to be a rate hike.
Next important data and events:
1. July 10 22:00 Fed Chairman Powell delivered a semi-annual monetary policy testimony to the House Financial Services Committee.
2. July 11 20:30 US June seasonally adjusted CPI annual rate.
