$BTC 50 basis points cut! The dust has settled!
Key points of Powell's speech after the rate cut [Focus]
1. Judgment of the economic situation:
1) Economic growth: Economic activity continues to expand at a "steady pace", and the growth rate in the second half of this year is expected to be similar to that in the first half.
2) Inflation: The inflation level is closer to the target, the upside risk of inflation has weakened, and the downside risk of the labor market has increased.
2. About the decision to cut interest rates:
1) Today's decision to cut interest rates by 50 basis points has received broad support. There are different opinions and various views, but there are also many consensuses; the committee does not feel that it is acting hastily.
2) The Fed does not think it is behind the situation. This is a timely action and a signal of commitment not to fall behind.
3. Statement on the interest rate path:
1) No fixed interest rate path has been set, and meetings will be held one by one to make decisions. The next step depends on economic data.
2) If appropriate, the Fed can speed up, slow down, or even pause rate cuts; if the economy remains robust, it will slow down the pace of rate cuts; if the labor market deteriorates, it will respond.
4. Other aspects:
1) There is no clear rule to determine the extent of rate cuts.
2) Hope and believe that the Fed will continue to maintain its independence.
Grasp the pulse of the market and follow the rhythm of the market
The future is here, are you ready!
