The Fed meeting is still going on, and it is now the question-and-answer session.
However, Powell's speech has ended.
Let's take a look at the impact of the speech on the market:
1. Briefly summarize the views of Powell's speech.
(1) Current situation.
GDP growth is slow, unemployment is low, and inflation has eased, but it is still above the 2% target.
(2) Monetary policy.
The interest rate is stable between 5.25% and 5.5%. Before the 2% inflation target is achieved, the interest rate will not be adjusted.
2. Views on interest rate cuts.
As for the interest rate cuts that everyone is concerned about, Powell's meaning is: it depends on the unemployment rate. If the unemployment rate rises, the interest rate should be cut as soon as possible, otherwise some people will have difficulty living.
So next we have to focus on the unemployment rate data.
3. Impact on the market.
The speech was not painful. BTC rebounded briefly and then quickly gave up the gains.
4. Targets worth paying attention to in terms of operations
Here we can choose to pay attention to: io
#IO去中心化算力网络
(1) AI track
In the era of the rise of AI, money is not capital, but computing power is strength. As a computing power sales platform, io can enable more companies and teams to obtain more computing power and develop rapidly in the AI era.
(2) Depin track
All web3 projects want to make money from you, while Depin track projects want to give you money. According to data observation: In the past three months, the $IO ecosystem has accumulated more than $500,000 in fees. And these fees are rewards for users.
With io's important position in the two tracks, it is worth looking forward to its future development!
