The Federal Reserve remains on hold for the third consecutive time, and market uncertainties deepen!\n\nLast night, the Federal Reserve again kept interest rates unchanged, with Powell repeatedly mentioning "wait and see," emphasizing that the current economic environment is full of uncertainties. The S&P 500 briefly retreated before closing up 0.43%.\n\nIn response to the market's concern over the question of "whether to prioritize controlling employment or inflation," Powell stated that it is difficult to draw a conclusion but does not rule out the need for trade-offs in the future. He also clearly responded that Trump's calls for interest rate cuts would not affect the Federal Reserve's decision-making.\n\nThe latest CME data predicts: the probability of maintaining interest rates in June is as high as 80.2%, and the probability of a 25 basis point rate cut in July has risen to 59.1%. The Federal Reserve's next moves will be the biggest suspense for the market.