The Federal Reserve is increasingly resembling a "wait-and-see" party!

The market is beginning to doubt: is the rate cut just a PowerPoint presentation?
What is the most magical thing happening in the global financial markets right now?
Everyone discusses rate cuts every day,
but the rate cut has not arrived for a long time.
Recently, more and more analysts are directly saying:
The Federal Reserve may enter a long-term wait-and-see mode.
To put it simply:
Just delay.
The reason is actually quite awkward.
The US economy is not strong enough to continue疯狂加息,
but it is not weak enough to必须马上降息.
So Powell now looks like an administrator stuck in an elevator.
Can't go up,
Can't come down.
And the market fears this state the most.
Because all asset prices,
essentially depend on "future expectations".
In the past, everyone defaulted:
Eventually, there will be大量放水.
So tech stocks疯狂上涨,
cryptocurrency assets狂飙.
But if high interest rates persist longer,
the entire valuation logic will be rewritten.
Especially after oil prices recently rebounded,
inflation expectations have become active again.
This directly makes the Federal Reserve even more hesitant to act rashly.
The funniest thing is,
the market now watches the Federal Reserve's speeches every day like chasing stars.
Just one expression from Powell can cause the Nasdaq to cramp.
And the real problem is:
Long-term high interest rates,
will slowly change the entire world.
Corporate financing costs rise,
consumer loan pressures increase,
real estate becomes harder to recover.
In the end, risk assets naturally come under pressure.
So recently, the market has become more and more contradictory.
On one side, hoping the economy won't be too bad,
on the other side, hoping the economy will be bad enough to force a rate cut.
What does this mentality resemble?
Like students hoping exams will be canceled,
but also not hoping the school will really collapse.
And the biggest uncertainty in the future,
may not be economic data,
but market sentiment.
Because as long as everyone starts to believe:
"High interest rates are the new era."
Asset revaluation may just be beginning.#ADP就业超预期降息再推后