Here it comes! A detailed interpretation of last night's Federal Reserve meeting, was it good or bad? Please see👇：
1. 【Two Interest Rate Cuts This Year】
Maintains the expectation of two interest rate cuts this year, but lowers the expectation for next year's rate cuts from two to one.
2. 【Lowering US GDP Expectations for This Year】
In the latest Economic Projections Summary (SEP), the Federal Reserve predicts that US GDP will grow by 1.4% in 2025, down from an expected 1.7% in March.
3. 【Raising Unemployment Rate Expectations】
The unemployment rate is expected to be 4.5% in 2025, up from an expected 4.4% in March.
4. 【Raising US Inflation Expectations for 2025-27】
The core PCE inflation rate is expected to be 3.1% in 2025, up from an expected 2.8% in March.
Overall, the unchanged expectation for an interest rate cut is considered a positive sign, which is the main point, while points 2-4 are negative, indicating economic slowdown, rising unemployment, and increasing inflation.
