Odaily Planet Daily News The Federal Reserve weakened market expectations for its recent policy rate adjustment at its May meeting, and the minutes released on Wednesday may show how committed policymakers are to the current wait-and-see approach. The minutes will be released at 2:00 Beijing time on Thursday, but some key content has been covered by new developments since the meeting. At the time of the meeting, the massive tariffs announced by Trump in early April were causing strong market concerns about the impact of the trade war on the global economy.
Until the impact of changes in the global trade situation on the economy is clear, the Federal Reserve has little reason to adjust the 4.25%-4.50% policy rate maintained since December last year. Investors currently expect the Fed to keep interest rates unchanged at its June and July meetings, but cut interest rates by 25 basis points in September and December. (Jinshi)