If the United States presses the interest rate cut button in September, the global economy may breathe a sigh of relief; but if the Federal Reserve remains on hold, the world economy may become tense.

This may sound a bit exaggerated, but it does illustrate the importance of the Fed's September decision.

Let's talk about the US job market first. The recent data is shocking. From April last year to March this year, 818,000 jobs in the United States were fictitious. This is a big problem.

During this period, the United States has only created more than 2 million jobs, and now nearly half of them are water. It's like you bought a cake and found that half of it is foam.

On Thursday, the United States announced the final annualized quarter-on-quarter GDP and core PCE price index for the second quarter. The previously announced revised values ​​showed that U.S. GDP increased significantly in the second quarter and PCE expenditure growth unexpectedly surged, indicating that the economy and consumption are still resilient.
On Friday, the presidential election of Japan's ruling Liberal Democratic Party kicked off. The new president will succeed Fumio Kishida as Japan's prime minister. The number of candidates for the Liberal Democratic Party election is nine, the highest in history. Voting and counting of votes in the first round of the election is scheduled for the 27th, and it is expected that no one will get more than half of the votes.
The United States will release the PCE price index for August on Friday. Bank of America expects the US PCE inflation in August to be encouraging, but considering that the Federal Reserve has clearly stated that it is more concerned about the labor market.

Since the sharp drop on August 5, BNB has risen by more than 50%, and its market value is close to 82 billion US dollars. This increase is a bit exaggerated, but it is also normal.
After all, BNB has done very well in terms of both user groups and ecology. But the core point is still closely related to another piece of news, that is, Zhao Changpeng, the founder of BNB.
CZ Zhao Changpeng has been in prison for 20 weeks, and his exact release date has been confirmed as September 29, 2024. This is definitely good news for the entire Binance. As the boss of the centralized exchange in the B circle, CZ can be said to have added a very critical stroke to the development of the B circle.

The Federal Reserve announced its September interest rate decision, announcing a sharp rate cut of 50 basis points. At the same time, the dot plot suggested that there will be another 50 basis point cut this year.
Bowman was the only Fed board member who wanted a 25 basis point rate cut, becoming the first Fed board member to vote against the bill since 2005.
The Federal Reserve lowered its forecast for U.S. GDP growth in 2024 to 2 percent and raised its forecast for U.S. unemployment rate in 2024 to 4.4 percent.
After the resolution was announced, the three major U.S. stock indexes hit new highs for the day, the two-year U.S. Treasury bond yield plunged more than ten basis points, and gold rose more than one percent during the session, setting a record high.

Countdown 58 minutes. The Federal Reserve will release its interest rate decision and economic forecast summary, which is like a bombshell in the financial world, triggering countless expectations and speculations. The world's attention is focused on this, the market's heartbeat accelerates, and people are nervously waiting for the economic signals hidden behind the key figures.

In 1 hour and 28 minutes, Fed Chairman Powell will hold a monetary policy press conference. He is like a helmsman who controls the direction of the economy, and every word he says may stir up waves in the market. His words, expressions, and tone will be carefully interpreted to find clues about the future direction of the economy. At this moment, the whole world is holding its breath, preparing to meet this storm that may change the economic landscape.

The much-anticipated interest rate cut is about to come. In just over an hour, the decision on the rate cut will be announced, and the probability of a 50bps rate cut tonight is approaching 70%. The world economy is rapidly heading towards a rate cut cycle.

At 2 a.m. Thursday, the Federal Reserve will announce its September interest rate decision, and Fed Chairman Powell will deliver a speech at 2:30 a.m.

Looking back at history, the performance of U.S. stocks has changed significantly over the past several interest rate cuts.

The rise and fall after the interest rate cut are inconsistent. At this point, it seems meaningless to predict a 25BP or 50BP cut, and it is nonsense to predict a rise or fall after the interest rate cut.