Is it this news that caused the morning spike? In fact, it is just looking for a reason to smash the market. Now the cycle of long and short fluctuations is getting shorter and more frequent. This time the rise has only been four or five days, and it has turned to decline again. It is estimated that it will last at least four or five days. The market will find various reasons for the decline in these days, and then in the rising cycle, it will find a lot of reasons for the rise. The most important one is the launch of ETH ETF.
Fed Mouthpiece: Fed officials hinted that they are not in a hurry to cut interest rates
Fed Mouthpiece Nick Timiraos said that due to rising inflation, Fed officials lack sufficient confidence in rate cuts. Some policymakers called for close attention to signs that the job market may weaken faster than expected at last month's meeting. The minutes of the Fed's June meeting showed that "several participants said that monetary policy should be ready to respond to unexpected economic weakness." Officials also cited several economic developments, including slowing wage growth, declining corporate pricing power, and consumers' increased sensitivity to price increases, to support their expectations that inflation will continue to fall in the coming year. The minutes showed officials were generally satisfied with their wait-and-see stance on interest rate changes and highlighted a range of ideas that could prompt the Fed to raise or lower rates. Combined with recent public comments from Fed officials, the minutes suggest they are unlikely to cut rates at their meeting later this month.
