Finally waited for the arrival of the interest rate cut

Powell finally changed his tune, saying that inflation data strengthens confidence, the market predicts a rate cut in September, and BTC welcomes macro Favourable Information!

In a recent speech, Fed Chairman Powell clearly shifted his previous dovish stance. Previously, he emphasized the need for more evidence of long inflation decline before he could confidently bring inflation down to 2%. But now he says that the three inflation data points in the second quarter have greatly increased his confidence. More importantly, he no longer insists that inflation must fall to 2% before considering a rate cut, which means the door to rate cuts is now wide open.

Major institutions have predicted one after another that September will mark the beginning of interest rate cuts, with Goldman Sachs even boldly predicting that the cuts will begin in July. The Consensus in the market, as indicated by CME's expectations, shows a 100% probability of rate cuts in September. From now until the end of the year, there is even close to a 10% probability of a 100 basis point rate cut.

This is undoubtedly a huge Favourable Information for Bitcoin.