What does Powell's latest reply reveal?

Federal Reserve Chairman Powell's recent speech at the Central Bank Forum held by the European Central Bank has attracted widespread attention from the market.

Although the market generally expects the Fed to cut interest rates in September this year, Powell refused to give clear information on the specific time of the first rate cut. He said: "I will not set any specific date now."

Powell's cautious attitude can be understood from the following aspects:

Data dependence: The Fed hopes to verify the continued downward trend of inflation through more data. Powell emphasized that the Fed needs to see more similar data to ensure that the current cooling trend is sustainable. #美国6月非农数据高于预期 #ASI代币合并计划 #BTC走势分析

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