Little puppy, here's a password.

$SENT

{future}(SENTUSDT)
The dream of the Federal Reserve cutting interest rates has been shattered! The true reason for being stuck is that China remains inactive 关注马斯克概念小奶狗pu p p ies

The Federal Reserve is stuck on interest rate cuts! Powell shifts the blame to inflation, which the market has already seen through. The real trump card he is hesitant to reveal lies in China's monetary policy! In the early hours of Thursday, the Federal Reserve decided not to cut interest rates as expected, with Powell attributing the reason to inflation driven by tariffs, claiming that only when prices fall will there be a loosening of policies. However, he does not mention the core issue—China has not further cut interest rates, which has directly locked the Federal Reserve's easing window.

The United States once relied on high interest rates to siphon global funds, but now unexpectedly faces a backlash from multinational funds. Currently, the interest rate spread between the US and China for one-year dollar-denominated loans is only 30bp, and the ten-year spread is merely 10bp. In such a narrow space, if the Federal Reserve cuts interest rates, it will inevitably trigger a herd-like outflow of funds, and a significant portion of these funds comes from China. Previously, every time the Federal Reserve cut rates, it was predicated on China taking action first. Now, with China remaining inactive, they fundamentally do not dare to act rashly.

More critically, China's government bonds, with their absolute credit advantage, have become the global benchmark for risk-free rates. Even though US treasury rates are higher, funds still insist on flowing back to China, and the S&P 500's poor performance globally is the most direct proof. Trump intended to control interest rates and stabilize exchange rates, but due to chaotic policies, he has only added to the confusion, and the market has questioned his joint manipulation of exchange rates with Japan. The mutual undermining between him and officials has further damaged America's credibility.

The inflation and employment data mentioned by the Federal Reserve are merely tools to manipulate the market. The real factors determining their pace of rate cuts are the three key indicators of dollar-denominated bond yields. And all of this is in China's hands. As long as external factors remain unsettled, China's monetary policy will not loosen, and it is useless for Trump to be anxious.

The initiative in this round of monetary game between China and the US has tilted towards China. When do you think the Federal Reserve will be able to start cutting rates? What actions will China's monetary policy take next? Let's discuss your judgments in the comments!
$TLM

{future}(TLMUSDT)
$ROSE

{future}(ROSEUSDT)
#下任美联储主席会是谁？
#美联储维持利率不变
#Gold prices surge again