@sdsh
The Fed kept rates steady in June, matching expectations.
Their dot plot shows a 3.9% target rate this year, same as March.
They raised inflation and jobless forecasts but cut growth outlook.
Powell sounded slightly hawkish, with a dull tone overall.
The key takeaway? Conflicting signals in statements and SEP data.
With tariff uncertainty, the Fed leans toward fighting inflation.
CITIC still expects 1-2 rate cuts this year, possibly in September.
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