The script at dawn: dovish rate cuts, hawkish statements, the market gets hit with a "sucker punch"
Brothers, you followed Powell's speech at dawn, right? It was a great show for the market. Simply put: the rate cut was a dovish move, but the "sugar" in the future might not be as much (hawkish guidance), and the crypto circle was immediately disappointed and experienced another "Black Friday."
The core points are three sentences:
1. Cut but with huge disagreements: The Federal Reserve cut interest rates by 25 basis points as expected. But the key is, there was internal disagreement—9 votes in
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