January Federal Reserve FOMC Summary

Overall, journalists' gossip questions will be more frequent than the current inflation issues, but Powell clearly is unwilling to answer any gossip questions, including whether he will continue to serve as a board member after resigning as Fed Chair. This is the first time in my listening to press conferences that the first five questions Powell did not answer, including one from Nick.

Regarding other questions, mainly wanting to know if a rate cut cycle is coming next, I personally think Powell remains quite dovish in his responses, with almost no hawkish remarks. When a reporter asked whether the Fed would consider raising interest rates if the labor market remains unchanged but inflation continues to rise, Powell's answer was still that it is not currently within the scope of discussion. This question is almost always asked, and Powell's responses are always the same. Although he did not explicitly outline the next interest rate adjustment path, Powell did not directly deny a rate cut at the next meeting as he did in the previous two times. Instead, he said it depends on the data, which is a more dovish stance, and also indicated that if the labor market declines, the Fed would consider cutting rates more. He also believes that the decline in the labor market is closely related to immigration policies.

Below, a pullback around 87770-87320 can be used to add long positions, around 86200 for re-entries, with rebound targets potentially reaching 90900-91800#加密市场观察