From June 17 to 18, 2023, the Federal Open Market Committee (FOMC) meeting will be held in Washington, and it is expected to maintain the federal funds rate unchanged at 4.25%-4.50%. The post-meeting statement indicates that the Federal Reserve is cautious about the economic outlook, emphasizing rising inflation risks and increased economic uncertainty. Chairman Powell may reiterate a 'wait-and-see' stance, requiring more data to confirm inflation trends and economic stability. The market expects two interest rate cuts this year, but the dot plot shows that some officials favor fewer cuts, reflecting policy divergences. The meeting minutes will be released three weeks later and are expected to trigger market volatility.