#BTC☀
《The first battle has been won twice ---- Powell is in the next tenth》
Chairman Powell, who has always been fond of playing Tai Chi on the issue of the Fed's interest rate cut, finally mentioned the key issue in his speech on monetary policy today.
Fed Chairman Powell said that a rate cut in September "may be under consideration" and the consensus of the committee is gradually approaching a rate cut.
He also said that it is time to adjust interest rates to support the Fed's continued progress. There is no need to focus all attention on inflation. Now the restrictions on policy interest rates can be gradually relaxed.
Fed Chairman Powell has already conducted in-depth discussions on rate cuts at this meeting. Now a rate cut in September "may be on the agenda". If the data this month supports it, there will be action at the next meeting.
Now the possibility of a rate cut in September is one step closer, and traders also expect a rate cut of 70 basis points this year, higher than the earlier 64 basis points.
Now the target is the unemployment benefits at 8:30 tonight and the unemployment rate and non-farm at 8:30 tomorrow night.
