The Federal Reserve's May meeting maintained interest rates unchanged, with Powell focusing on the risks of tariff policies, warning that they could exacerbate inflation, suppress the economy, and raise unemployment, sending hawkish signals. His remarks downplayed expectations for interest rate cuts.

Boosted by Trump lifting AI export restrictions and positive developments in US-China negotiations, risk assets briefly warmed up, but it is important to note that substantial constraints remain regarding the chip ban on China.

Operating suggestion: Partners who have already added positions in the 95000-96000 range can hold their long positions and wait for the target of 100000.