FOMC Rate Cut Meeting and Powell Press Conference

1. Core content of the FOMC statement
1. How is the interest rate set? It’s set between 3.5% and 3.75%, with no adjustments this time. This also means that the three consecutive rate cuts since September last year are temporarily halted.
2. Are there disagreements in the voting? Yes. 10 members favor keeping the rate unchanged, while 2 oppose, specifically Board members Milan and Waller, who believe a 25 basis point cut should be made.
3. When is the next rate cut? The statement did not specify. It only emphasizes that future rate adjustments will depend on economic data, overall outlook, and various risk factors, without committing to a fixed plan.
4. How is the economic situation? The assessment of the economy is more positive than before, indicating that the economy is growing at a steady pace, but there are still many uncertainties and risks ahead.
5. Is the labor market still good? The previous statement about “increased downside risks to employment” has been removed. Now, some signs of stabilization are visible, and the employment market is gradually showing signs of steadiness.
6. How is inflation control? It’s still slightly high and has not fully fallen to the ideal level. #内容挖矿焕新公测开启