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Tonight's Powell press conference feels like watching a central bank dilemma conference. The most crucial signal throughout the event is actually just one - interest rate cut in December? Not decided.
What does this mean? It means liquidity is still on the way, and the bull hasn't boarded yet. Powell doesn't say it, but from his concerns about the labor market, the Federal Reserve is more afraid of an "economic cool" than "inflation heat."
In addition, the inflation caused by tariffs is also well understood by the Federal Reserve. The real core inflation is actually around 2.3%, just a step away from the target range.
So next, it is highly likely that the dovish tone will become more pronounced, liquidity will gradually loosen, and both the US stock market and the cryptocurrency circle may welcome a breathing window.
My personal operation: I will hold some USDT for the next few days and wait for the news to settle. If there is really a softening in December, that will be the golden time for early positioning.