🔥Tonight's FOMC meeting and Powell's speech are the focus of the market.
$ETH The current market has basically priced in a '25bp rate cut + hawkish remarks', while yesterday's surge triggered by Hasset's mention of 'increased rate cuts in the future' is more about expectations for a successor in trading.
$SOL Although there was a 25bp rate cut at the last meeting, there were two dissenting votes (Miran requested a 50bp cut, Schmid requested no cut), indicating internal divisions. If there are more than two dissenting votes this time, the market will interpret it as a divided stance within the Federal Reserve, weakening policy credibility.
Powell's speech this time will be in a dilemma:
If he leans hawkish, it means a pause in rate cuts might occur in January; but if he is too definitive, he may be forced to backtrack if subsequent data weakens. The core concern for the market is how he manages expectations for January. Regardless of whether the tone is loose or tight, it is difficult to change the short-term downward pressure on the financial market.
Pay attention to @交易员—阿柒 , something big is coming tonight.
