Powell: The US economy has improved significantly [no need for interest rate cuts to stimulate it].
"I maintain a static high interest rate" is to "harvest you",
"I won't stop until I get it."
Maybe it’s because Starbucks’ 16% intraday plunge hurt the brain stems of American uncles, so now they generally have a "pessimistic attitude" about GDP growth in the second half of the year.
But they stubbornly admitted: the inflation target has been further lowered, and "there is no need to raise interest rates to stimulate inflation" (but this only deviates from the corePCE inflation expectations in June, which is a dizzying point).
This is also a key point of public commentary: the Fed is supposed to "provide a concise narrative to the broader market" [but what it is actually doing now is greatly complicating simple things].
See the marked illustration for details.
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