#美联储维持利率不变 Federal Reserve Suddenly Announced: Pause on Interest Rate Cuts!

The Federal Reserve announced that it will maintain the federal funds rate range at 4.25%—4.50%. This is the first pause in interest rate cuts since the start of the easing cycle last September.

It is noteworthy that the statement released after the Federal Reserve meeting deleted the phrase 'progress has been made toward the inflation target,' which the market interpreted as being more 'hawkish.' As a result, the three major U.S. stock indices experienced a significant drop, with the Nasdaq down 0.51%, the S&P 500 down 0.47%, and the Dow down 0.31% at the close. Major technology stocks showed mixed results, with Nvidia dropping over 4%, Tesla down over 2%, Microsoft down over 1%, and ASML up over 4%.

Subsequently, Federal Reserve Chairman Powell's remarks at the press conference also released several policy signals. He stated that the Federal Reserve does not need to rush to adjust its monetary policy stance, as U.S. inflation remains somewhat high. Some commentators noted that Powell seemed to be singing a different tune compared to President Trump, who called for 'immediate rate cuts' at the Davos Forum.

In response, Trump sharply criticized Powell and the Federal Reserve, accusing them of 'failing to stop the inflation problem they created themselves,' and said they had 'done very poorly' in bank regulation, though he avoided directly commenting on interest rates. This may further exacerbate the uncertainty regarding the direction of monetary policy.

It is worth mentioning that this decision to pause interest rate cuts received unanimous support from all members of the FOMC (Federal Open Market Committee).

In fact, the market had fully anticipated the Federal Reserve's decision to pause interest rate cuts. On the eve of the meeting, the CME's FedWatch tool indicated that traders in the interest rate market expected a greater than 99% probability of the Federal Reserve pausing rate hikes.

The statement released after the Federal Reserve meeting emphasized that recent indicators show that economic activity continues to expand at a robust pace. The unemployment rate has remained low recently, labor market conditions are still solid, and inflation remains at relatively high levels.

This statement removed references to easing labor market supply and demand tightness and a rise in the unemployment rate, changing it to: 'The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid.'

$BTC $ETH #美联储维持利率不变 #美联储议息公布美股道指下跌📉