Powell is still Powell and he just won't talk. He is a master of Tai Chi and he just won't mention the rate cut.

Over the past few months, Fed Chairman Powell has been significantly more dovish in his views than most of the FOMC, which was reaffirmed in his speech at the ECB Forum. Powell declared that "we have made a lot of progress in fighting inflation" and said that the data represented a significant progress on inflation. In response to these comments, the US dollar has fallen and the euro has also been hit against the US dollar. US Treasury yields fell further#非农就业数据即将公布 #鲍威尔讲话 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低