Tonight's speech by Powell has suddenly changed the overall landscape of the market.
Looking at this speech, the core message is one signal: the strategy has shifted.
No longer talking about inflation at all costs, but repeatedly emphasizing the risks of GDP slowdown and employment.
This indicates that the Federal Reserve's balance has decisively shifted from an all-out fight against inflation to a consideration of preventing recession.
This might itself be the most fundamental dovish signal of the night, with everything else being a disguise. $ETH
Looking at this speech, the core message is one signal: the strategy has shifted.
No longer talking about inflation at all costs, but repeatedly emphasizing the risks of GDP slowdown and employment.
This indicates that the Federal Reserve's balance has decisively shifted from an all-out fight against inflation to a consideration of preventing recession.
This might itself be the most fundamental dovish signal of the night, with everything else being a disguise. $ETH
