[Powell's speech highlights] 💹💹💹
1⃣ Interest rate outlook: Reiterate that interest rates may remain high for a longer period of time, do not think the next move may be to raise interest rates, and are more likely to maintain the policy rate at the current level.
2⃣ Inflation outlook: Confidence in the decline in inflation is lower than before, and the lack of further progress in inflation in the first quarter of the United States is noteworthy; inflation is expected to fall month-on-month.
3⃣ Economic outlook: The US economy is performing very well and has a very strong labor market; GDP is expected to continue to grow at a rate of 2% or higher, benefiting from the addition of new labor.
4⃣ Market reaction: Since the beginning of Powell's speech, gold has basically remained sideways, rising to a maximum of $2,356.72; the three major U.S. stock indexes have generally shown a "V"-shaped trend.
5⃣ Latest expectations: The market currently expects the Federal Reserve to cut interest rates by 40BP this year; the probability of interest rate cuts in June and September is stable at around 50%, which is basically consistent with before Powell's speech.
The US CPI data will be released at 8:30 tonight, please pay attention!
