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From "Battle Eagle" to "Dove Switcher": Waller's one sentence completely drove the global market wild Last night's biggest news in global markets wasn't Trump's rallying or Becent's reassurance— Instead, a former hawkish Fed governor suddenly said, "I support not raising rates in September." First, let me tell you who Waller is. He was once the top candidate for Federal Reserve Chairman. With solid professional expertise and an independent stance, Wall Street once had a clear lead in betting on him as chairman. Later, Wash's turnaround took the lead. Without becoming chairman, his stance began to waver—sometimes hawkish against inflation, sometimes dovish to protect the economy. The market gradually stopped taking his words seriously. But last night, this person "looked down upon by the market" said something that sent global assets into a frenzy. What exactly are the original words? In an exclusive interview with Reuters in Washington, he said: If data from the next two weeks continues to show cooling inflation, "I will support keeping rates unchanged at the September meeting." He even quoted John Lennon's famous quote—"Give inflation a chance." But he didn't close the door—he said if August inflation data is hot, "I would consider supporting rate hikes." The key is the next line— During the Q&A session, he deliberately softened the tone, saying he expects inflation data to be at a "reasonable" level. Translate into adult language: "I don't think the data will be bad, so I tend not to raise rates." Why is this saying so important? Because Waller is an FOMC voting member. The market had previously assumed he would maintain a hawkish tone—after all, last week Chairman Wash had just left hawkish at Jackson Hole, pushing the probability of a rate hike in September straight from 35% to 66%. As soon as Waller spoke, the probability of a rate hike plummeted from 63.2% to 50%. It dropped by 13 percentage points. This is the largest statement of "expectations gap" this year. Then a chain reaction occurred— U.S. Treasury yields plunged, with the 10-year yield dropping 3.8 basis points to 4.756%. The US dollar index fell to 98.83, a two-week low. Gold surged sharply—spot gold briefly broke through $4,510, with a single-day gain of nearly 2%. The Dow rose 1.18%, the S&P gained 1.06%, and the Nasdaq led the pack up 1.4%. Tesla rose over 5%, Meta over 3%, and Microsoft over 2%. Cryptocurrencies have gone absolutely crazy— Bitcoin once broke through $82,000, reaching a nearly four-month high. Within 24 hours, 510 million USD was liquidated across the market, with short positions blowing up 415 million yuan. MSTR rose over 17%, Circle gained over 16%, and Coinbase gained over 10%. Waller's one sentence shook the global market. But don't get too happy too soon. Waller made it clear—the August CPI data will determine his final vote. CPI will be released on September 11, and FOMC meeting will be held on September 15-16. For the next two weeks, all eyes will be on the inflation data. He once said— "If inflation accelerates slightly, it may be enough to push me to shift toward supporting more tighter policies." Waller transformed overnight from a hawkish general to a dovish vanguard—not because he changed his mind, but because the data forced him to change. The three-month core inflation rate dropped from 4.76% in February to 3.05%. At this rate, he couldn't pretend not to notice. Trading for cooling inflation is essentially trading Waller's "dovish." But remember—before the CPI comes out, all the extravaganza is just a rehearsal. $BTC $XAU $MSTR #沃勒: August inflation determines whether to raise rates in September