Today marks Jerome Powell's (Walsh's) first FOMC meeting since taking office, and the final outcome is that interest rates remain unchanged, aligning with most of the market's prior expectations.
Key highlights from the meeting:
Interest rates hold steady, maintaining the current range; the dot plot and economic outlook will be signals the market closely watches for the potential timeline of rate cuts, which may be delayed compared to earlier expectations.
From the current market reaction, the dollar and U.S. Treasury yields are slightly stronger, while risk assets are experiencing some pullback. This again confirms that "data-driven" remains the Fed's prevailing theme.
For the crypto market, the delay in rate cut expectations may exert some pressure in the short term, but if inflation and employment data continue to weaken, rate cuts are still a high-probability event.
What’s your take?
Walsh choosing to hold steady in his first FOMC—is it a cautious approach or is he leaving room for future policy maneuvers?
#沃什首次fomc维持利率
Key highlights from the meeting:
Interest rates hold steady, maintaining the current range; the dot plot and economic outlook will be signals the market closely watches for the potential timeline of rate cuts, which may be delayed compared to earlier expectations.
From the current market reaction, the dollar and U.S. Treasury yields are slightly stronger, while risk assets are experiencing some pullback. This again confirms that "data-driven" remains the Fed's prevailing theme.
For the crypto market, the delay in rate cut expectations may exert some pressure in the short term, but if inflation and employment data continue to weaken, rate cuts are still a high-probability event.
What’s your take?
Walsh choosing to hold steady in his first FOMC—is it a cautious approach or is he leaving room for future policy maneuvers?
#沃什首次fomc维持利率