The Fed released its meeting minutes on Thursday, and combined with the unemployment benefit data last night, it is basically confirmed that the interest rate cut cycle will start in September. At 22:00, Powell will make a speech on whether to cut interest rates and whether to cut interest rates by 25 or 50 basis points;
If Powell does not mention the interest rate cut, it will be the worst case scenario, and both the US stock market and the cryptocurrency market will collapse; it is likely to confirm that the interest rate cut cycle will start in September, but the extent of the interest rate cut will not be disclosed. Overall, it is positive, but the probability of ups and downs is greater. I don’t know if there will be a double kill of longs and shorts.
