On March 19, the Federal Reserve announced its second decision regarding the Interest rate in 2025, according to New York time. Key points from this meeting are as follows:

1. Maintain the target range for the federal funds rate at 4.25%-4.50%, in line with market expectations.
3. The latest published schedule shows that a decrease in the interest rate is expected twice in 2025, which aligns with the forecasts from December of last year.
5. The Federal Reserve has announced that it will reduce the rate of asset balance reduction from April 1, but will not stop completely. Powell said at the next press conference that the pace of the reduction would decrease, but the duration could be longer.
7. A survey by the Federal Reserve System showed that the customs policy contributed to inflation expectations, so there is currently no urgent need to adjust monetary policy.
Overall, this conference did not provide significant positive signals, the statements still have a hawkish direction. The number of interest rate cuts did not increase, and although the reduction of the balance has slowed down, it is still ongoing.