Powell's Stanford speech avoided discussing monetary policy, and the market is left waiting for interest rate signals that did not materialize.

On December 2nd, Powell gave a speech at Stanford, and in the pre-released manuscript, he surprisingly did not mention the economic situation or monetary policy at all. The market was originally hoping to hear some hints about the direction of interest rates, but this time he directly chose to remain silent. It seems that the Federal Reserve is determined to maintain an air of mystery this time, and in the short term, we may have to continue to wait and see for policy signals.