Here it comes! The most detailed interpretation of the Federal Reserve's interest rate meeting, is this time a boon or a bane? Please see below:

1. 【Two Rate Cuts This Year】

Maintaining the expectation of two rate cuts this year, but lowering next year's rate cut expectation from two to one.

2. 【Downgrade of U.S. GDP Expectations for This Year】

In the latest economic projections summary (SEP), the Federal Reserve predicts that the U.S. GDP will grow by 1.4% in 2025, down from an expected 1.7% in March.

3. 【Increase in Unemployment Rate Expectations】

The unemployment rate is expected to be 4.5% in 2025, up from an expected 4.4% in March.

4. 【Increase in U.S. Inflation Expectations for 2025-27】

The core PCE inflation rate is expected to be 3.1% in 2025, up from an expected 2.8% in March.

In summary, the unchanged rate cut expectation is a positive sign, which is the main point, while points 2-4 are all negative, indicating an economic slowdown, rising unemployment rate, and increasing inflation. Then on the 30th, Powell will speak; I will update if there is anything particularly important, otherwise, let's go to sleep~

Good night ^-^