1. Interest rate outlook: We can be more cautious when considering interest rate adjustments. The change in the wording of the statement indicates that we are at or close to a phase of slowing down interest rate cuts, and it seems unlikely that we will raise interest rates next year. If inflation fails to move sustainably toward 2%, interest rates could be cut more slowly. Cutting rates too slowly could hurt the economy and employment.
2. Inflation outlook: It may take another year or two to reach the target; risks and uncertainties are high; there is discussion about how tariffs will drive inflation.
3. Economic Outlook: The overall economic performance is strong, and indonesia phone number list economic growth in the second half of the year is faster than expected. There is no reason to believe that the possibility of an economic downturn is higher than usual.
4. Employment prospects: The labor market remains sound and is not a significant source of inflationary pressure. It has not cooled to a worrying level and will continue to be monitored.
5. Other statements: Regarding Bitcoin reserve policy The Federal Reserve does not allow and has no intention of holding Bitcoin. Today's interest rate decision is a difficult choice.
6. Market reaction: From the announcement of the statement to Powell's speech, spot gold fell sharply by $56; the U. dollar index rose 110 points since the announcement of the resolution, hitting a twoyear high; U. Treasury bonds rose 15BP 2Y; the Nasdaq's decline widened to 3%; Bitcoin fell by more than $5,000.
7. Latest expectations: Traders continue to price in less interest rate cuts from the Federal Reserve, with expectations for only a 37 basis point cut in , well below the 75 basis points expected before the meeting.