What did the Fed say last night? [Focus]
Interest rate/monetary policy
1. The Fed will maintain the target range of the federal funds rate at 5.25% to 5.50%
2. Powell said that a rate cut in September "may be under consideration", and the consensus of the committee is gradually approaching a rate cut, and the policy rate will be lowered as early as September;
3. If the economy remains stable, interest rates will be maintained as needed;
4. A premature rate cut may reverse the improvement of inflation, and the Fed is gradually approaching the time to lower interest rates!
5. The conceivable scenarios range from zero rate cuts to several times this year;
6. There was indeed an in-depth discussion on rate cuts at this meeting, but a 50 basis point rate cut is not considered now.
