The information released by the latest Federal Reserve meeting decision.

1. Maintain interest rates unchanged, no rate cuts for now.

2. Two more rate cuts are expected within the year, reducing by 50 basis points.

Trump, upon hearing that there will be no rate cuts, criticized, saying he should be the one at the Federal Reserve.

In my personal opinion, the Federal Reserve has already entered a rate-cutting cycle since last year, and at that time, the purpose of the cuts was preemptive.

This year's pace has slightly slowed down, indicating that the fundamental situation is stable. Previously, it was noted that the Federal Reserve's rate cuts generally occur under three circumstances.

1. Preemptive rate cuts.

2. A significant drop in the U.S. stock market.

3. Genuine economic issues.

Currently, none of these three conditions are met, making the slower pace quite normal. Now the expectation is that there might still be two rate cuts, but in reality, the timeline has been pushed to September.