Federal Reserve officials make significant statements, causing US stocks to decline across the board before the market opens, the dollar to rebound, and spot silver to experience a bloodbath with a drop of over 5%.

Federal Reserve dovish representative Milan stated that the expectation is for the Fed to cut interest rates by 150 basis points by 2026. If they cut 25 basis points each time, it would take six cuts; if 50 basis points each time, it would take three cuts.
If the Fed does this, it would be more than double the 75 basis points cut in 2025, which is basically unlikely—just a statement.
Precious metals are once again experiencing a bloodbath today, with spot silver plunging over 5%. It briefly rebounded to $79 in the early trading session but ultimately couldn't hold, and in the evening, it dropped more than $4. Spot gold fell over 1%.
US stock futures all declined before the market open, with Dow futures down 0.38%, Nasdaq futures down 0.2%, and S&P 500 futures down 0.12%.
Before the market, Nvidia rose slightly by 0.32%. Regarding the recent announcement to sell H200 chips to China, Nvidia requires Chinese customers to pay in full, with no cancellations allowed after ordering, and requests for refunds or configuration changes.
Last time, they were scared off once, but this time they clearly state that full payment is required. After all, if they are not allowed to buy again, even if the products are ready, they might end up having to destroy them themselves. #美联储 #降息 #美元 #比特币