The unexpected decline in U.S. inflation is expected to give the Fed more confidence in cutting interest rates.
The Fed is not expected to cut interest rates in July, which means they will get more data before the September meeting. Given this, officials may try to keep their options open. After this week, the Fed will hold four more meetings this year - in July, September, November and December.
The Fed's dot plot shows that among the 19 officials, four officials believe that there should be no interest rate cut in 2024, seven officials believe that there will be one interest rate cut, and eight officials believe that there will be two interest rate cuts.
Powell's speech is hawkish, whether it is COI, interest rates, or Powell's speech, it is exactly as predicted in the evening. The market rose and then fell, and there was a long-short friction.
As an old leek, the currency circle is now controlled by these news. It is really decentralized and centralized. The interest rate is raised and not raised. I miss the past.
However, these so-called negative and positive news have a very short impact and will not change the general trend. The second half of the bull market has begun, and the market will be very exciting in the next few months!
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