Director, on April 30th, the Federal Reserve kept interest rates unchanged, and Powell stepped back but did not retire, continuing to serve as a board member,


‼️ Powell said that no one is talking about raising interest rates at the moment,
🟢 Inflation has rebounded, and there will be no rate cuts,
🟢 Employment issues, no signs of recession, and no need to cut rates to rescue the market,
🟢 Rate cuts are unlikely in the first half of the year,
🟢 Balance sheet reduction continues, liquidity still won't be strong,
✍️ To summarize, last night's overall hawkish remarks were in line with expectations. Wosh is already in June, and this market still needs to adjust for a while. However, this adjustment should generally trend toward a bullish correction.
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