There isn’t much to say. The focus is still on the content of Powell’s meeting. The market predicts that Powell will be hawkish. This involves an interpretation issue. If the market wants to interpret his remarks as hawkish, he will be hawkish anyway! More often than not, Powell is willing to practice Tai Chi.

There is one key point in the content of this meeting that requires attention: whether it will be discussed and hinted at the imminent slowdown of QT. After all, only by slowing down QT can we move towards QE!

Powell's hawkish words are expected to prompt market approval for fewer rate cuts.

The problem with interest rates is to maintain them at a high level and not cause a big shock. If they blow up, then I will blow up too!

Oh, and GBTC is sold on a grayscale basis. If they don’t sell it, it seems that they can’t beat their friends. When this ETF was approved, there seemed to be questions about what GBTC would be replaced by. I forgot about it, so this is within expectations. To put it bluntly, it’s visual risk! #美联储利率 #美联储利率决议