Powell's speech has ended! Lao Liu will briefly summarize the views of his speech.
1.
(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%, and will not be adjusted before the 2% inflation target is achieved.
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. #美国大选如何影响加密产业？ #德国政府转移比特币 $BTC $SOL