Interest Rate Frozen for the 5th Time! Fed: I've Got It Under Control, Don't Move

For the fifth time, the five consecutive hits, the Fed has played the "interest rate remains steadfast" with a Zen touch.
I originally thought that Old Powell (Powell) would press the "rate cut button" to give the market some summer coolness, but instead, he said while holding a coffee, "We haven't seen inflation soft enough, so let's wait a little longer." This time, it's not that the doves can't fly, but the hawks still want to fly a few more circles.
Don't underestimate this "stability"; behind it is a complex operation logic comparable to the Nine Turns of Intestines. Inflation is "stubborn + sticky", and the job market is "still quite strong"; the Fed cannot easily back down. Once a signal for a rate cut is released, asset prices will bounce like bungee jumping, and if CPI rebounds afterwards, the Fed will have to jump out and say, "I didn't do it, I didn't say that, don't make wild claims."
How does the market play? US Treasury yields are stable but high, gold is holding its breath for the next explosion, and the Nasdaq is starting to struggle with whether it can still rely on AI. The crypto circle is even more dramatic: BTC surges and then falls back, while ETH is watching for any signs. The entire market is like waiting for an ex to message, hoping the Fed will say "cut" but not saying it.
Summary: Powell is now the "high interest rate gatekeeper," afraid not of prices, but of expectations going wild. He would rather be criticized for being conservative than be the unlucky one who causes an explosion as soon as he loosens his grip. Investors can only learn one mantra: "Interest rate unchanged ≠ no problem, emotional changes are the real issue." #打榜优质内容#