The Federal Reserve's interest rate decision has concluded; Powell's consistent tough style maintains interest rates unchanged, currently not making any changes. Overall, it leans slightly more hawkish with more bearish impacts.
Here are a few key points:
1. Trump's demand for rate cuts will not affect our work at all.
2. This is not the time for us to initiate rate cuts.
3. If tariffs remain unchanged, there will be no progress on the dual mandate targets this year.
4. Inflation levels are above target and are expected to face upward pressure.
Tonight, I've been waiting for an opportunity; the short position placed at 975 was just 100 points away from entry, a bit regrettable, with a high of 974 and a temporary low of 957.
The pending order remains valid; if there are no opportunities above, then I will look to buy at 935-930 below. Additionally, early May still remains an unchanged view for a pullback opportunity.
