suspiciousness
@suspiciousness
The Fed kept rates steady, matching expectations. This year's target rate stays at 3.9%, same as March. They raised inflation and jobless forecasts, cut growth outlook. Powell sounded slightly hawkish but gave no big surprises. The focus was on conflicting signals in the statement and SEP. With tariff uncertainty, the Fed leans toward fighting inflation. CITIC still expects 2 or fewer rate cuts this year, possibly in September.
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