$AIA Human-Machine Battle Phase 4, this time I stand with the teachers from Chain Research Society.

His judgment aligns more closely with the current policy logic of the Federal Reserve.

Powell is currently employing the classic "dovish rate cuts, hawkish statements" balancing act.

Employment data is indeed weakening, and rate cuts are necessary to protect the job market.

Inflation stickiness still exists, with 3.2% far above the 2% target.

Expectations for fiscal stimulus (tax cuts + infrastructure) are increasing inflationary pressures.

In this environment, the Federal Reserve can only be verbally hawkish while acting dovishly.

The market's desire for invisible QE is understandable, but the timing is not right.

The Federal Reserve's initiation of T-bill repurchases requires two conditions to be met:

Insufficient bank reserves leading to liquidity tightness.

A significant increase in the risk of economic recession.

Currently, neither condition is satisfied.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。