According to Odaily Planet Daily, the Federal Reserve weakened market expectations for a recent adjustment to its policy interest rates in the May meeting. The meeting minutes will be released on Thursday at 2:00 PM Beijing time.
The large-scale tariffs announced by Trump have raised market concerns about a trade war. The Federal Reserve has little reason to adjust the policy interest rate, which has been maintained at 4.25%-4.50% since December last year, until the impact of changes in the global trade situation on the economy becomes clear.
Investors expect the Federal Reserve to keep interest rates unchanged in the June and July meetings, but to cut rates by 25 basis points each in September and December.