The Fed's statement is neither surprising nor exciting, interest rate cuts may come this summer.
Garrett Melson, portfolio strategist at the French foreign trade bank's investment management company, said: "Looking at this statement and decision, I don't think there's anything surprising. It's interesting that they mentioned trade deficits and net exports at the beginning. But then again, these are not exactly unknown information... So, I think the situation remains the same, with the basic economic growth seeming to slow down while the Fed remains inactive, meaning policy continues to passively tighten. The risk of economic growth slowing down throughout the summer is constantly rising, which means the Fed may cut interest rates not only in June, but also likely in July, and they may take further action before the end of the year."
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