How should the Fed's interest rate decision be interpreted at 3:00 am Beijing time on 1:30 am?
The Fed's interest rate decision, the market has already digested the expectation that there will be no interest rate cut in this interest rate decision, so this time no interest rate cut is in line with expectations, and the market will not change much, and will still follow the current market trend (volatile market).
However, the market may use this interest rate decision meeting to clear the liquidity at both ends. As the market is currently lacking liquidity, this meeting may also determine the market trend for a long time in the future, whether it will continue to set new highs or fluctuate widely, so Powell said that this year's interest rate cut target is still very important.
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