#美联储FOMC会议 Federal Reserve, Urgently Communicating to the World

As the Federal Reserve is about to announce its interest rate decision, the 'New Federal Reserve News Agency' has published a statement.

1. This article was published just one day before the Federal Reserve's meeting, so it is clearly 'bad news'. Before this, most Wall Street investment banks had already pushed back their expectations for a rate cut in June to July.

2. The article is translated into Chinese with over 2000 words, which is inconsistent with its usual concise style, but aligns with the interpretation logic of the financial market—fewer words indicate a bigger issue. Conversely, if the signal is very hardcore, it will use brief and powerful wording; if there is a lot of background, premises, and context to explain, then the word count increases, but the core signal is often very limited. This article remains bloated, more for laying the groundwork and clarification, while the true policy direction is only indicated in a few places.

3. The entire article conveys one meaning—rate cuts are inappropriate.

The article states that Federal Reserve Chairman Powell and his colleagues are expected to extend their wait-and-see stance on the issue of rate cuts and develop strategies on how to refine that stance. The usual practice of the Federal Reserve under Powell is to act very quickly only after being very certain about the data.