BlockBeats News, June 18th - Morgan Asset Management's Chief Market Strategist for Asia, Tai Hui, stated that at the first interest rate meeting presided over by the new Fed Chair Powell, the FOMC unanimously decided to maintain the federal funds rate target range at 3.50%-3.75%. From the signals released at this meeting, the Fed did not show a willingness to quickly ease monetary policy. Tai Hui further expressed that this policy statement underwent a significant formal change, with its length reduced by about half compared to the previous version. In contrast to the detailed statement in the classic "four-paragraph" released in April, the latest statement has been substantially streamlined and has completely abandoned the previous implicit dovishness.

At the same time, the descriptions of economic growth, the labor market, and inflation outlook have also become noticeably concise. He believes that at the current interest rate level, the FOMC appears willing to remain patient, thus maintaining the view that the Fed will not adjust rates this year.