Last night, the Fed fired the gun!

Yesterday, the speech of the Fed officials stirred up waves in the financial market, the US dollar index rose, and the US stock market fell. His speech did not have any new ideas, but it can still affect the market.

In an interview with CNBC, Minneapolis Fed Chairman Kashkari said that we should wait for more evidence that inflation is cooling before cutting interest rates. If inflation fails to fall further, there is even a possibility of raising interest rates.

First, it "implies" that even if Friday's inflation data cools, it still won't change anything, and the Fed still doesn't have the confidence needed to cut interest rates; second, it does not rule out the possibility of further interest rate hikes.

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