The Federal Reserve announces interest rates unchanged!

In the early hours of July 31, the Federal Reserve maintained the benchmark interest rate at 5.25%-5.50% for the fifth consecutive time, as the market expected (it seems there was a mistake in your data, it should be 5.25%-5.50%, not 4.25%-4.50%).

This is also the high interest rate range that has been maintained since July 2023, and there is currently no clear timeline for interest rate cuts.

The market has already priced this in, what really matters is Powell's attitude in the upcoming statements.

If he leans hawkish, risk assets may continue to be under pressure; if he hints at a possible rate cut in September, there is a high probability of a rebound tonight!