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Federal Reserve Chairman Powell will give a speech tonight, and the market will focus on whether he will strengthen his hawkish stance

Federal Reserve Chairman Powell will give a speech tonight, and the market will focus on whether he will strengthen his hawkish stance

Bitget2024/05/14 12:07

According to Golden Ten reports, Federal Reserve Chairman Powell will attend a meeting and deliver a speech at 22:00 tonight. Previously, many Fed officials have supported Powell's position at the last press conference that "interest rates will remain at higher levels for longer." Markets are watching to see if Powell will reinforce this hawkish stance tonight, which could cause markets to delay expectations for a rate cut from the Fed again. The market may fluctuate violently at that time, and investors should pay attention to related risks.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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