Powell's speech lasted almost half an hour, but he still did not give a clear dovish message. Emphasis:

Inflation control is confident, within expectations, but still very high.

The labor problem is also the most critical issue, and it is necessary to increase employment through interest rate cuts

The US economy began to rise steadily in the second quarter, driving the employment wage level to improve.

The adjustment of interest rates is restrictive and cannot be aimless

It was repeatedly mentioned that the rising unemployment rate is related to immigration, and the foreign population has lowered the US employment rate

The basic focus is on these major areas. In general, the Fed's interest rate cut is a complex decision-making process, which involves adjustments and impacts in multiple economic fields, including promoting economic development, encouraging investment and consumption, affecting the stock market and gold market, and possible currency depreciation and export impacts.

In any case, the interest rate cut represents a signal that the bank's money will become less, the market circulation will become more, the US dollar will depreciate, and the best way to preserve the value of legal currency is investment and consumption.

The crypto market is also exchanged in US dollars, so in the next two months, it is still effective to buy Bitcoin at the bottom of the decline. In line with the strategy I mentioned earlier, if the price reaches 61800 and 63000 today or tomorrow, you can go short, and if it reaches 58000 and 55000, you just need to be brave enough to enter the market.

The above content does not constitute investment advice.

Tomorrow we can talk about when it is appropriate to sell the house you have.😹