Let's get straight to the point: Powell's speech was relatively mild this time, and he mentioned the word "rate cut" many times. I personally think this is a relatively positive signal!
Secondly, as marked in the picture, continue to pay attention to future macroeconomic data, especially the job market and wages, such as Friday's big non-farm payrolls and unemployment rate. It has been mentioned many times in previous tweets that only a rise in unemployment rate is a standard signal for a rate cut. There is not much to say. Good night 😴#5月市场关键事件 #鲍威尔讲话