[4E: Powell's speech lowers expectations for a sharp rate cut, and both US stocks and Bitcoin hit their best performance in history in September] On October 1, local time on Monday, Federal Reserve Chairman Powell said in a speech that if the economy performs as expected, interest rates may be cut twice more this year, with a total of 50 basis points. The market believes that Powell's overall speech this time is biased towards "hawks". After Powell's speech, the market expects that the probability of the Federal Reserve cutting interest rates by 50 basis points in November has been greatly reduced. According to 4E's observation, the three major US stock indexes all fell after Powell's speech, began to rise in the late trading, and finally closed up slightly collectively, with the Dow Jones and S&P 500 indexes both hitting new closing highs. Historically, US stocks usually perform poorly in September, but this year the Dow Jones rose 1.85%, the S&P 500 rose 2.02%, and the Nasdaq rose 2.68%. Among them, the Dow Jones and S&P 500 indexes recorded five consecutive monthly increases. The crypto market generally fell. As of press time, Bitcoin fell 1.81% to $63,600, and Ethereum fell slightly by 0.27%. Data shows that Bitcoin closed up 7.35% in September, setting a record high. It is worth noting that every time Bitcoin closed up in September, it rose to the end of the year. Gold fell 0.47%, up 4.74% in September; the US dollar index rose 0.30%, and fell 0.93% in September. After the Federal Reserve cut interest rates as scheduled in September, the pace of interest rate cuts by global central banks accelerated, and the macro environment improved greatly, which increased investors' risk appetite. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. The US non-farm data for September will be released this Friday, which will provide further key clues for observing the US economic situation and the Federal Reserve's interest rate cuts. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.