Just now, Federal Reserve Governor Waller delivered 2 'nuclear-level' speeches, and the market instantly exploded. Let's break it down one by one:

Waller's remarks this time are like giving the market a shot of adrenaline.

First, Waller made it clear: current interest rates are obviously too high and can be lowered, and there's no need to wait for all data to be perfect.

Second, Waller directly hinted at dovishness. He then elaborated further, stating that U.S. job growth has nearly stalled, and with the unclear impact of AI on employment, the Federal Reserve doesn't need to stubbornly maintain high interest rates.

In plain language: the job market indicates that the Federal Reserve should continue to cut interest rates, but won't do so recklessly.

The market quickly voted with its feet, and risk assets rose rapidly. However, don't get too carried away; rate cuts won't happen overnight, and the market will experience repeated fluctuations.

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