Powell finished his speech last night: "I don't think the next move may be to raise interest rates, and it is more likely to maintain the policy rate at the current level." The following is the data summary

1. Interest rate outlook: Reiterate that interest rates may remain high for a longer period of time, do not think the next move may be to raise interest rates, and it is more likely to maintain the policy rate at the current level.

2. Inflation outlook: Confidence in the decline in inflation is lower than before, and the lack of further progress in inflation in the first quarter of the United States is noteworthy; the inflation rate is expected to fall month-on-month.

3. Economic outlook: The US economy is performing very well and has a very strong labor market; GDP is expected to continue to grow at a rate of 2% or higher, benefiting from the addition of new labor.

4. Market reaction: Since Powell's speech, gold has basically remained sideways, rising to $2,356.72 at its highest; the three major U.S. stock indexes have generally shown a "V"-shaped trend.

5. Latest expectations: The market currently expects the Federal Reserve to cut interest rates by 40BP this year; the probability of interest rate cuts in June and September is stable at around 50%, which is basically consistent with before Powell's speech.

The current market is too fragile. Bao made a random remark, indicating that there will be no interest rate cut for the time being, and BTC plunged, entering the boiling frog market. Tonight's CPI, wait for the lottery! #BTC走势分析 #5月市场关键事件 #eth二饼