Most of Trump's favored candidates are dovish and support interest rate cuts.

The core reason driving this round of gold price rise mainly comes from uncertainty at the macro level.

Markets may fluctuate during short-term policy transitions, but medium-term trends tend to reflect valuation repairs and improved liquidity in an easing environment.

The minutes of the meeting were released against the backdrop of unprecedented political pressure from the White House on the Federal Reserve.

This is the best opportunity for Trump to install the "next Federal Reserve" chairman on the board.

Trump refuted the reports, saying Powell was "highly unlikely to be ousted" but also pointed out ambiguously "unless Powell was forced to leave because of fraud."

Entering July, market trading logic has shifted to a new paradigm of "dollar weakness".

Will Kevin Walsh be the next chairman of the Federal Reserve? Will he become Trump's puppet? Will he "follow the order" to cut interest rates?

The number of officials advocating no interest rate cuts throughout the year increased from four in March to seven.

Powell's curtain call path may coincide with that of his predecessors.

Powell bluntly said at the press conference that the impact of the Trump administration's tariff policy on inflation was "more significant than expected."

The president of the Federal Reserve Bank of Boston said the Fed is ready to use tools to stabilize financial markets if necessary.

Historical experience shows that the policy tussle between the White House and the central bank often exacerbates market uncertainty.

Powell said the Fed will be patient when formulating policies and pay close attention to factors that may pose risks to economic growth.

This article will start from multiple high-frequency indicators to split the market's views on the path of interest rate cuts.

The beginning of a rapprochement between Powell and Trump?

Gold is not an interest-bearing asset, and higher US bond yields will severely hit gold prices.

No resignation, no legal, no discussion. Powell used four "no" words to force the new US president.

The 2024 U.S. election has finally come to an end, and Trump's victory in the Federal Reserve's interest rate cut has clouded the road.

All three officials declined to give a clear path to a rate cut on the market's concerns.