Powell's speech focused on the strength of the labor market and the progress of inflation. He said that if the labor market unexpectedly weakens, the Fed will take action. He also acknowledged the risks of moving too slowly and too late, but he did not explicitly say that he would cut interest rates in September.

Whether this speech is positive depends mainly on your investment goals and strategy. If you are a short-term investor, you may be disappointed that he failed to confirm the issue of a rate cut in September. However, if you are a long-term investor, you may be satisfied with his positive comments on the labor market and inflation. Overall, his speech shows that the Fed will remain flexible in future policy decisions and take action when necessary, which should be a positive signal for the market. #非农就业数据即将公布 #ASI代币合并计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低