On Thursday morning, the Federal Reserve will hold another interest rate meeting. At this critical moment, the market has already determined that the Federal Reserve is unlikely to cut interest rates in June, with the probability soaring to almost 70%.

In fact, it should have been clear long ago — as long as the economy doesn't crash, the Federal Reserve has no reason to ease up on interest rates in June. Now everyone is eagerly watching Powell, waiting to see how he evaluates the economy and inflation in this meeting, hoping he can give a clear answer: will there be an interest rate cut in July?

To be honest, at the May meeting, Powell stuck to his old routine, repeating three main points: focus on the data, the inflation target is 2%, and no policy adjustments for now. We’ve heard these platitudes so many times they’re starting to wear us down, and the real suspense is all focused on this June meeting. Although a rate cut in June is now unlikely, the dot plot is the main event — especially the predictions from Federal Reserve officials about future interest rate trends. Will they draw two lines or three lines? This will directly decide whether the market will celebrate or just lie flat.

If you ask me, before this meeting on Thursday morning, the market will likely continue to 'play dead' and fluctuate. After all, no one is daring to make any moves, all waiting for Powell to speak. The key is whether he softens his tone or stands firm, as this will directly determine whether to bottom fish or cut losses. I need to prepare my snacks and drinks!