1: Fed Chairman Powell said that the labor market remains strong, but considerable progress has been made in inflation, and the path of inflation decline is back on track. At the same time, Powell said that if the labor market unexpectedly weakens, this will also prompt us to take action. But he refused to comment on whether this means a rate cut in September.

2: He said that the Fed has the ability to take the time to make the right decision (rate cut), although he is well aware of the risks of "acting too slowly and too late"

3: Yesterday, the big cake fell to around 61,800 to stop falling. Unfortunately, it just inserted a needle again to around 61,200

The market is now a bit weak, and the bottom is concerned about 60,900 and 60,000!