Two key points from Powell's speech:

First, the Fed is not in a hurry to cut interest rates quickly. If the current economic development continues, the Fed may cut interest rates twice in the remaining time, a total of 50 basis points.

That is to say, the interest rate will be cut by 25% in November and December respectively. This data is not good for investors who are betting on a 50% interest rate cut in November.

Second, the current GDI (gross national income) is not as low as imagined, eliminating the risk of economic downturn.

This shows that the resilience of the US economy is still good, but it also hinders the Fed's plan to quickly cut interest rates. It seems that 50, 25, 25 is likely to be the next rhythm. Of course, the focus is still on the tweets of Silent Nick. This also sets the tone for the Fed's interest rate cut.

If it comes to 50 again, it will really mean that the Federal Reserve has seen some data that we have not seen, but is very bad.

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