The most detailed interpretation of the Federal Reserve's interest rate meeting, is this time good news or bad news? Please see below:

1. 【Two Rate Cuts This Year】

Maintaining expectations for two rate cuts this year, but lowering next year's rate cut expectation from two to one.

2. 【Downgraded U.S. GDP Expectations for This Year】

In the latest economic projections summary (SEP), the Federal Reserve expects U.S. GDP to grow by 1.4% in 2025, down from an expected 1.7% in March.

3. 【Upgraded Unemployment Rate Expectations】

The expected unemployment rate for 2025 is 4.5%, up from 4.4% expected in March.

4. 【Upgraded U.S. Inflation Expectations for 2025-27】

The expected core PCE inflation rate for 2025 is 3.1%, up from an expected 2.8% in March.

Overall, the unchanged rate cut expectation is considered good news, which is the main point, while points 2-4 are all bad news: economic slowdown, rising unemployment rate, and rising inflation. #鲍威尔发言 #美联储FOMC会议