To summarize the Federal Reserve's interest rate meeting on the last day of July at 7 AM: Maintain stability, keeping the rate unchanged at 4.25%-4.50%.
The economy is relatively stable, unemployment rate hasn't surged, and the stock market (like the Nasdaq) has hit new highs, so the Federal Reserve is not keen on risking a rate cut for now, fearing it may overstimulate the economy.
Why not cut rates? Although inflation has slowed down a bit recently (June CPI is 2.7%), it is still not stable enough to meet the Federal Reserve's desired target of 2%. Additionally, the tariff policies recently implemented by the Trump administration may push prices up again, and Powell likely needs to be cautious.
Powell's attitude? It shows both a 'hawkish' and 'dovish' side.
However, as it stands, the market is placing more emphasis on the 'hawkish' side! The 'hawkish' stance is about not budging on interest rate cuts and not bowing to pressure; the 'dovish' aspect is that the threshold for a policy shift by the Federal Reserve has lowered—if the data in the next two months (before the September meeting) is not good, it could provide a reason for rate cuts.#美联储利率决议 #比特币