On Monday, US time, Federal Reserve Chairman Powell delivered a speech at the annual meeting of the National Association for Business Economics, saying that the Fed was not in a hurry to "cut interest rates quickly". The hawkish statement hit market sentiment. The three major US stock indexes fell during the day, but turned up in the late trading and finally closed slightly higher. Among them, the Dow Jones Industrial Average rose 0.04%, the S&P 500 rose 0.42%, and the Nasdaq rose 0.38%.

Powell: There may be two more interest rate cuts this year, each by 25 basis points

Let's take a closer look at the speech of Federal Reserve Chairman Powell. On the same day, he said that the recent 50 basis point interest rate cut should not be interpreted as the Fed will take the same aggressive approach in the future. The Fed has "made great progress" towards the goal of maintaining employment and economic stability while inflation continues to decline. On the same day, Powell also said that if the economic data meets expectations, there may be two more interest rate cuts this year, in November and December, but the magnitude will be smaller, with each rate cut of 25 basis points. Previously, many market participants expected the Fed to cut interest rates by 50 basis points at the November interest rate meeting. #HMSTR开盘 #非农就业数据即将公布 #美联储11月降息预期升温 #美国8月核心PCE创4月以来新高 #BTC走势预测 $BTC $ETH