Afeng summarized the content of Bao's speech today.

1. Labor data shows that the economy is cooling down, and the labor market seems to have fully recovered its balance.

2. Before the Fed's confidence in inflation continuing to move toward 2% increases, the interest rate cut policy is not appropriate.

3. Powell reserves the right to choose the timing of the interest rate cut.

As Bao spoke, the market also began to rise, reaching a high of around 58 and then began to pull back.

It is likely that the night will be dominated by shocks, so remember to bring a stop loss when opening an order.

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$BTC