Powell's words turned cautious, and the golden day turned from up to down! South Korea and the United States reached a trade agreement, and Nvidia became the first company with a market value of more than 5 trillion dollars... What major events happened in the world last night and this morning?
On July 31st, when asked about the negative votes of Federal Reserve Governors Bowman and Waller in the interest rate decision, Federal Reserve Chairperson Powell said that most members of the FOMC believe that it is appropriate to maintain a moderately restrictive stance given that inflation is above target. The two opponents clearly explained their thinking, and we want to see that clarity of thought and expression, and we all saw that today.