After the US CPI was lower than expected, BTC pulled a small column. Next, the market will pay more attention to Bao's next speech.

Due to the unexpectedly low inflation, futures prices rose, and the 10-year US Treasury yield fell sharply. Perhaps this is what the Fed is happy to see. Bao's next speech should not be too hawkish.

An optimistic expectation in the market is that there are more likely to be two rate cuts in 2024 rather than one, and by mid-2026, the rate will be cut by 25 basis points each quarter.

If this script is really followed, risk assets will rise sharply in the next two years. You can look forward to the future~