I'm sorry that I can't interpret Powell's speech after the interest rate meeting tonight. I have to catch a flight tomorrow morning!
When you are watching Powell's speech, you need to pay attention to the following points:
1. Powell will not directly confirm the interest rate cut, but will only hint at it, and it is expected that he will not release too many details of the interest rate cut.
2. Pay more attention to Powell's requirements for the data in August and September. He believes that inflation or employment and economic maintenance are the conditions that trigger the interest rate cut, that is, guided by Powell's goals.
3. Pay attention to Powell's assessment of the labor market. If he admits that the labor market is in recession, it is indeed conducive to interest rate cuts, but it will also trigger expectations of economic recession. This is a double-edged sword. The labor market situation is the data that the Federal Reserve is more concerned about at present, and its weight is temporarily higher than that of inflation data.
At the same time, the debate on immigration issues caused by the labor market is also a key point in the current game between American parties.
I look forward to a good result tomorrow morning!
