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"Madness" gold and "soulless" Powell.
Desperate gold bears expected that after tonight's Federal Reserve meeting, Powell would deliver hawkish remarks, extinguishing the rally in gold, but it backfired. Gold once again broke through an unimaginable limit: $5415 per ounce. Surpassing the recent top forecasted by Goldman Sachs at $5400.
Tonight's Fed meeting was expected to be uneventful, with a 97.8% probability of maintaining the current interest rate before the announcement. At 3:00 AM, the result was announced: no rate cut.
Key points from the Fed statement after the meeting:
1. The Federal Reserve announced that the federal funds rate target range will remain at 3.5% to 3.75%, in line with market expectations.
2. The Fed decided to keep rates unchanged with a 10 to 2 vote. Directors Waller and Stephen Mullan voted against, advocating for a 25 basis point cut.
3. Policymakers stated that "job growth remains low, and unemployment shows some signs of stabilization."
4. Officials also removed language from previous statements about increased downside risks to employment.
Market analysts see this as a clear hawkish statement.
But I pay more attention to the key point in Powell's subsequent speech:
"Powell stated that last year's rate cuts made the policy stance 'appropriate,' helping to achieve the Fed's goals. Last year's rate cuts made the policy stance 'appropriate,' helping to achieve the Fed's goals. The Federal Reserve Chair must stay away from politics."
From these words, it can be analyzed: Powell fears retaliation from Trump after leaving office, hinting at a "softening" in his tone, and independent intellectual elites have "lost their soul!"
The market votes with its feet: after Powell, the Federal Reserve is essentially under Trump's control.
In fact, people had already anticipated this: in the afternoon, gold surpassed 5311.2; before the 2:30 meeting, it crossed 5320.
Despite some US officials supporting the dollar, with the dollar index rising from 95 to 96.78 from the bottom, gold, proud and aloof, continued to break through and step on the dollar.
People can't help but ask: where is the end of gold?
I answer: before the existing world order is broken and a new order is established.
Gold is the "credit currency" replacing foreign exchange reserves and trade currencies.
There is no end in sight! $BTC $GT $ETH