PANews reported on June 15 that at 2 a.m. Beijing time on Thursday, the Federal Reserve ended its two-day monetary policy meeting and announced that there would be no interest rate hikes at this meeting, and the benchmark interest rate would remain unchanged at 5.00%-5.25%. This is the first time the Federal Reserve has suspended interest rate hikes after raising interest rates ten times since March last year. However, the Federal Open Market Committee (FOMC) expects another 2.25 percentage point increase in interest rates before the end of this year. The Federal Reserve FOMC economic forecast shows that the median GDP growth forecasts from 2023 to the end of 2025 are 1.0%, 1.1%, and 1.8%, respectively.