📌 Federal Reserve and Macroeconomic Policy
The Federal Reserve has met again, and this time the interest rate remains unchanged at 4.25%-4.50%, which is in line with expectations. Powell stated that although tariffs may cause inflation to rise in the short term, the overall economy has not been tightly constrained yet, and the policy is of a 'moderately restrictive' nature. The dot plot shows that there is still hope for two rate cuts in 2025; however, seven officials have indicated that rates should not be cut, leading to increasing market divergence. In summary, the Federal Reserve wants to cut rates but is afraid to do so, and is still waiting for inflation data to speak. The cryptocurrency market may continue to experience volatility in the short term.
