The result of the Fed rate cut is out, whether it is surprising or joyful

An unprecedented mystery awaits you to solve
Lao Deng has made another episode of Tai Chi. The full text of the article by Powell, Chairman of the Federal Reserve, can be summarized in one sentence by Tucker: Cut interest rates when necessary, and don't cut when it's unnecessary.
In the questioning, it was mentioned that the Fed has made significant progress in inflation. And it is stated that the Fed does not need the inflation rate to be below 2% before cutting interest rates, but once the Fed cuts rates, there will still be a housing shortage, and now it is necessary to pay attention to the apparent weakness in labor, despite still being strong.
To sum up, waiting from 10 o'clock until 1 o'clock, the result is exactly the same as my summary, which is to cut interest rates when it should be cut. Neither bullish nor bearish.
Specific market conditions and tonight's CPI data release
Continue to follow Hai Shao, Powell's speech can be ambiguous, causing Long Wick Candle up and down. The CPI data at 8:00 tonight will not be ambiguous. Once the data is released, the direction will be clear, and Hai Shao will post it as soon as possible to provide reference for fans. #鲍威尔 #BTC #ETH