CoinVoice has recently learned that on Monday local time, 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 more "hawkish". 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, the three major U.S. stock indexes all fell after Powell's speech, but began to rise in the late trading and eventually closed slightly higher. The Dow Jones and S&P 500 both hit new closing highs. Historically, U.S. 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 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 historically, 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.
In September, following the Federal Reserve's scheduled rate cut, the pace of rate cuts by central banks around the world accelerated, and the macro environment improved significantly, 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 September non-farm data will be released this Friday, which will provide further key clues for observing the US economic situation and the Federal Reserve's rate cut. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably. [Original link]
