Viewpoint: Powell's speech attitude after the interest rate decision is crucial for the market

BlockBeats News: On January 28th, as the two-day meeting of the Federal Reserve began, investors had accepted the fact that the Fed may not cut interest rates this time. But at a time when the stock market is at a fragile point, what they are looking for is any signal from Federal Reserve Chairman Powell regarding the direction of inflation. Gabelli Funds' portfolio manager John Belton said, "Powell's tone on inflation is crucial for Wall Street because traders need to hear that price pressure is continuing to ease, and there is clearly a potential black swan Swap contracts show that traders expect the Federal Reserve to pause interest rate cuts, but they are unsure how long the pause will last. This is why Powell's tone during the press conference after the interest rate decision on Wednesday afternoon local time is noteworthy. If he shows any attitude other than caution and unwillingness to commit, it will not fit his personality, but Wall Street professionals will listen to any content in his wording or tone that indicates his thoughts. (Golden Ten)