🚨🚨It seems impossible for the Fed to cut interest rates🚨🚨
First: Although the US inflation rate has eased, it is still a certain distance from the Fed's target of 2%. The boss of the Atlanta Federal Savings Bank mentioned it at a critical moment, which is undoubtedly sending a signal to the Fed.
Second: The US GDP data in the second quarter can be said to be a surprise to everyone. It is higher than we expected.
The corrected results show that the total GDP growth rate in the second quarter of the United States reached 3%, and what is more striking is that the growth of the core personal consumption expenditure price index (PCE) was as high as an astonishing 2.8%.
For the Fed, if it exceeds 2%, the Fed will implement a monetary tightening policy-raising interest rates. Isn't it in line with the Fed's conditions now?
Third: The decline in international commodity prices shows that people's expectations for the Fed's interest rate cut in September are not as strong as before.
You know, since Powell released the signal of interest rate cut, a large amount of capital has withdrawn from the United States, seemingly welcoming the interest rate cut in the United States. The US dollar continues to weaken, while the price of gold has risen all the way. Today, the price of gold fell, while the US stock market continued to rise.
This Friday we will wait for the US August non-farm report, so whether the Federal Reserve is really going to cut interest rates, let us wait for good news, welcome to comment area to say your opinion. . . .
Bitcoin price rebounded after falling to 57,000 yesterday, reaching a high of nearly 59,500 this morning. Whether it can break through the 60,000 mark today to reach 61,000 or even higher.
