Key points and analysis of Powell's speech:
A brief summary of the views in the speech, ⚠️See the end for some spot recommendations!
1. Current situation:
1️⃣Slow GDP growth: The economic growth rate has slowed down, but it is still growing.
2️⃣Low unemployment rate: The job market is performing well and the unemployment rate remains low.
3️⃣Inflation has eased: Although inflation has eased, it is still higher than the Fed's 2% target.
Monetary policy:
4️⃣Stable interest rates: The interest rate remains between 5.25% and 5.5%, and the interest rate will not be adjusted until the 2% inflation target is achieved.
2. Views on interest rate cuts
1️⃣Powell said that whether to cut interest rates will depend on changes in the unemployment rate. If the unemployment rate rises, interest rate cuts will be taken quickly, otherwise the status quo will be maintained. Therefore, the unemployment rate data needs to be focused on next.
3. Impact on the market
1️⃣Powell's speech had little impact on the market, and BTC quickly gave up its gains after a brief rebound.
4. In terms of operation, pay attention to the targets worth paying attention to
1️⃣ The targets worth paying attention to include:
Strong mainstream: $BTC, $ETH, $BNB, $SOL
Recently concerned altcoins: $bome, $pepe, $people, pepe
Other targets: $ondo, $ens, $core, IDO, pizza🍕!
