#MetaplanetBTCPurchase The Federal Reserve will announce its interest rate decision early in the morning on June 19th Beijing time, and the market is paying attention to the speech of Federal Reserve Chairman Powell for policy guidance. Although job growth has slowed, the unemployment rate has remained stable for three consecutive months, partly due to a sharp decline in immigration that has reduced the labor supply. The core inflation rate rose less than expected for the fourth consecutive month in May. Supported by expectations of interest rate cuts, the yield on the two-year U.S. Treasury note fell seven basis points to 3.96% last week. Officials, including Federal Reserve Governor Waller, have been open to the possibility of interest rate cuts, arguing that the impact of tariffs on prices can be considered temporary as long as inflation expectations remain stable. Matthew Luzzetti, Chief Economist at Deutsche Bank, expects that if officials raise inflation expectations, the number of rate cuts this year could decrease from the previously predicted level to just one. Julia Coronado, a former Federal Reserve economist, expects that rate cuts will begin in the fourth quarter of this year in response to the potential slowdown in the labor market. The impact of Trump's tariff policy and the geopolitical situation in the Middle East have cast a shadow over economic prospects, and the market will pay attention to the new economic forecast round from the Federal Reserve.
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