ShouChuang Futures: Federal Reserve Chairperson Waller said both inflation expectations and inflation risks have declined in recent weeks.

Federal Reserve Chair Walsh reiterated at the annual central bank forum that forward guidance has been removed, said he would not pre-judge whether the next meeting will raise rates, and noted that inflation expectations and inflation risks have both declined over the past few weeks. Walsh’s comments that inflation risks are easing boosted market sentiment, causing gold and silver to rebound. However, after the market weighed the entirety of Walsh’s remarks, the Fed’s top priority in governing today’s high inflation remained unchanged, so the gains were given back and gold and silver saw sharp intraday swings. For the short term, it is best to stay on the sidelines, with no clear direction for now. (Chuangchuang Futures)
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