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PPI Soars, the Fed's September Rate Cut is Like Pursuing a Goddess - Difficult but Not Hopeless
This round of PPI data has reduced the chances of a "September interest rate cut" from originally eight out of ten to five out of ten, causing the market to instantly shift from "celebrating early" to "hesitant and observing." The high PPI indicates that production cost pressures still exist, and the shadow of inflation has not dissipated; the Federal Reserve's reckless interest rate cut would be akin to pouring gasoline while putting out a fire.

However, the story is not over yet. Don't forget that Powell has always had a "data-dependent" tradition—if the CPI falls significantly in August and employment weakens, then the impact of the PPI may be diluted by the "new data," and the door to interest rate cuts could be slightly ajar. It's like pursuing a goddess; the flowers you gave her yesterday might be ignored, but the day after tomorrow she might suddenly send a message asking, "Are you free?"

The awkward point of macro investment lies in the fact that market sentiment can flip quickly based on data—today's PPI is alarming, while tomorrow's CPI may bring comfort. Whether or not interest rates will be lowered in September actually depends more on the data trends over the next 30 days, rather than on today's PPI figure.

At this time, the cryptocurrency market actually has an opportunity—uncertainty means volatility, and volatility is business. Smart capital will accumulate assets at low levels during this "compression of interest rate cut expectations," and when the next positive data comes out, they will take advantage of the emotional rebound. After all, in the cryptocurrency market, there is an unwritten law: the more policies fluctuate, the fuller the profits.