Odaily星球日报讯 美联储 FOMC 声明中删除了“在对通胀持续向 2%迈进更有信心之前，不宜降低利率目标区间”的措辞。（金十）

美联储FOMC声明中删除“在对通胀持续向2%迈进更有信心之前，不宜降低利率目标区间”措辞

Odaily Odaily reported that the Federal Reserve FOMC statement deleted the wording &quot;it is not appropriate to lower the target range of interest rates until there is more confidence that inflation will continue to move toward 2%.&quot; (Jinshi)

The Fed's FOMC statement removed the wording "it would not be appropriate to lower the target range for interest rates until we are more confident that inflation is moving toward 2% on a sustained basis"

The Odaily Planet Daily Report states that the US Federal Open Market Committee (FOMC) will announce its interest rate decision later today. An analyst at Maybank in a foreign exchange research and strategy report said that the market's expectation of a 50 basis point rate cut by the Federal Reserve has stabilized in the 60%-70% range. However, analysts said that the FOMC may wish to avoid sending the wrong signal to the market through a large rate cut, partly because this could cause panic. The analyst added that market participants are expected to focus on the press conference by Federal Reserve Chairman Powell to understand the subtle differences in the forward guidance for future rate cuts.

Institution: The Fed may want to avoid sending the wrong signal by cutting interest rates sharply

The Federal Reserve FOMC statement: the members voted 11-1 to pass this rate decision, with the previous meeting being unanimous. The Federal Reserve made its first 50BP rate cut, and the three major US stock indexes rose in the short term, with the Dow Jones up 0.79%, the S&P 500 up 0.86%, and the Nasdaq up 0.98%. The Federal Reserve's dot plot shows that among the 19 officials, 2 officials believe there should be no further rate cuts by 2024 after this meeting, 7 officials believe there should be a 25 basis point rate cut in 2024, 9 officials believe there should be a 50 basis point rate cut in 2024, and 7 officials believe there should be a 75 basis point rate cut in 2024. (Gold Ten)

The median of the Fed's dot plot: the cumulative interest rate cut will be 100 basis points in 2024

According to Odaily, David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that the Federal Reserve's interest rate decision this week may not be able to solve a core problem facing the market, which is how many rate cuts are expected for the rest of the year. When Federal Reserve officials last released their forecasts, they predicted only a 25-basis-point rate cut by 2024. But even if the Federal Reserve's new forecast is adjusted to two rate cuts this year, it will still be far below traders' expectations. Kelly pointed out that the futures market's pricing essentially reflects that by the end of December, the Federal Reserve will cut rates by a full 100 basis points or more. The actual policy path will depend on the employment and inflation data released before the next meetings in November and December.