10x Research: The inflation report to be released on August 14 will show that the inflation rate will drop below 3.0%

ChainCatcher news, 10x Research stated in its report that although the Federal Reserve's statement maintained flexibility and did not explicitly indicate a rate cut in September, Chairman Powell's comments during the subsequent Q&A session hinted at the possibility of a rate cut, depending on the expected decline in inflation.

Previously, Powell indicated that the Federal Reserve would only begin to cut rates when multiple rate cuts were sufficiently clear. If the Federal Reserve continues to cut rates in September, there may be several more cuts, providing substantial stimulus to the financial markets, assuming the economy remains stable.

According to its model, the inflation report set to be released on August 14 is expected to show the inflation rate dropping below 3.0%. From August to October, the market is entering a period with favorable year-on-year inflation comparisons.

Additionally, gold prices have reached an all-time high, which could be a positive signal for Bitcoin.