In the early hours of Beijing time today, the June FOMC meeting came to a close. In line with market expectations, the Federal Reserve chose to remain "on hold," keeping the benchmark interest rate at 4.25% to 4.5%. It was already a market consensus before the meeting to pause interest rate cuts, so there were no surprises. In contrast, the market is more focused on how the Federal Reserve will adjust economic data and the future interest rate cut path, namely the "dot plot."