Regarding expectations for Powell’s press conference, major financial institutions have given their predictions:

1. Goldman Sachs Group said they expect Powell’s words at the press conference to remain relatively stable and not change significantly.

2. The Bank of America predicts that Powell will take a more dovish stance and firmly believes that the current supply shock, cooling demand and moderate restrictive policies will help inflation maintain a downward trend.

3. Barclays Bank expects that Powell will emphasize that the interest rate cut shown on the dot plot is not a certainty, and at the same time express some doubts about the continued inflation progress.

4. Morgan Stanley believes that Powell may once again emphasize the need for the Fed to remain patient and maintain its tendency to cut interest rates, but will also emphasize the need to wait for more evidence of slowing inflation.

5. Deutsche Bank predicts that Powell will emphasize dependence on data and cautious attitude towards inflation at the press conference, while also paying attention to the balance of the labor market.

6. ING Bank said that Powell usually shows a dovish attitude at press conferences, especially after the past four consecutive FOMC meetings, this tendency may become more obvious.

However, it is worth noting that May’s CPI data may have a certain impact on the above expectations, and the market is also paying close attention to this. #BTC☀️ #ETH大涨