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Another touching moment may be approaching; interest rate cuts are no longer the immediate determinant of short-term daily direction. The market has pre-emptively anticipated the rate cut expectations and reacted accordingly. Many well-known online personalities suggest that Powell may make hawkish remarks during the meeting, at least influencing the medium-term trend over the next six months. I believe this impact is no longer as obvious as before because HasseT has reappeared and sent random friendly signals to the market, which is a potential challenge.
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Retail investors are accustomed to wa