#美联储FOMC会议 The results of the FOMC meeting from the Federal Reserve came out early this morning — another familiar script: interest rates remain unchanged at 4.25%-4.5%, but the dot plot has thrown a bucket of cold water on the market. The originally anticipated two rate cuts within the year have been slashed to only one, and hoping for a liquidity boost in 2025? Wake up, Powell, that old fox, has no intention of sugar-coating for the market!

​​Core results: Hawkish stance remains, rate cut expectations halved​​

​​Interest rate decision​​: For the third consecutive time, the range is maintained at 4.25%-4.5%, meeting expectations but lacking surprises.

​​Dot plot shock​​: The expectation for a rate cut in 2025 has shrunk from 50 basis points (two cuts) to 25 basis points (one cut), while the script for a 75 basis point cut in 2026 remains unchanged. Even harsher, out of 19 members, 11 believe there will be at most one cut this year, and 8 even say 'not even once.'