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Tonight, the financial markets are set to experience a tumultuous night. Several important economic indicators and decisions are about to be revealed, and investors are closely watching the potential impact of these events on the market.
First, at 20:15 Beijing time, the ADP employment report will be released, providing preliminary insights into the health of the U.S. job market. Following that, at 20:30, the initial value of the U.S. second-quarter GDP will be announced. These two pieces of data will directly influence market expectations regarding the future direction of the Federal Reserve's monetary policy.
However, the real focus is undoubtedly the Federal Reserve's interest rate decision announcement at 2 a.m. While the market generally expects that this meeting will keep interest rates unchanged, there are reports of potential internal disagreements, with two board members possibly voting against maintaining the status quo, which could indicate differing views within the Federal Reserve on the future direction of policy.
At 2:30, Federal Reserve Chairman Powell will hold a press conference, and his remarks will be carefully scrutinized for clues about the future direction of monetary policy.
In the face of so much uncertainty, market volatility is likely to intensify. Before these key events settle down, investors may adopt a more cautious strategy. The market may maintain a volatile pattern, and investors need to be wary of potential false breakouts or downturns to avoid falling into market traps.
Overall, tonight's economic data and the Federal Reserve's decisions will provide important clues for the future direction of the market. Investors should closely follow this information and adjust their investment strategies in a timely manner based on the latest developments.