Thursday early morning, the whole world is waiting for one word from the Federal Reserve



The market is already digesting "hawkish expectations" in advance, so the meeting itself is more like "bad news landing."
The key question is: just how hawkish is this hawk?

· If it's just in line with expectations (1-2 rate cuts): short-term volatility, proceed as normal
· If it's more hawkish than expected (only 1 cut or no cuts at all): risk assets will face pressure

Thursday at 2 AM, set your alarm, what you want to know is not "cut or not cut," but how long they actually want to hold out.
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