#GENIUSActPass It is expected that the Federal Reserve will keep interest rates stable amid economic forecasts

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According to Odaily, it is expected that the Federal Reserve will announce its decision on interest rates and the latest Summary of Economic Projections (SEP) at 2:00 AM UTC+8 on Thursday, followed by a press conference with Federal Reserve Chairman Jerome Powell at 2:30 AM. The market widely anticipates that the Federal Open Market Committee (FOMC) will keep interest rates stable at 4.25%-4.5%. A recent Reuters survey indicates that out of 105 economists surveyed, 103 expect rates to remain unchanged, while 2 predict a reduction of 25 basis points.

In the same survey, 59 out of 105 economists forecast that the Federal Reserve will resume rate cuts in the next quarter, possibly in September. Additionally, 60% of economists anticipate two rate cuts this year, aligning with the median of the March dot plot and consistent with the monetary market valuation, which expects a relaxation of 46 basis points by the end of the year.