In summary, Powell's speech on December 10, 2025, influenced the market in the following ways:
Interest rate cut: By lowering rates by 25 basis points, a signal of policy easing was conveyed to the market.
Future path ambiguity: Emphasized that future decisions will rely entirely on data, with no preset path, increasing market uncertainty.
"Mini QE" operation: Announced monthly purchases of short-term government bonds, interpreted by the market as a measure to improve liquidity, supporting risk assets.
Dovish tone: The overall tone of his speech was more dovish than market expectations, leading to a decline in the dollar and U.S. Treasury yields, while precious metals like gold and risk assets received a boost.

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Continue to be bullish! 20206 year of the bull 🦬