In the May meeting, Powell said, "We haven't actively considered the possibility of a single 75 basis point rate hike." Just one month later, despite the market's hype about the 75 basis point option, the Fed easily overturned its predetermined path based on unexpected monthly inflation data, raising doubts about the Fed's ability to judge inflation.It is obvious that the answer lies in Powell's statement at the White Lamp meeting in early June: the Fed will use its policy tools to deal with the problem of rising prices, but it will respect the Fed's independence and not interfere with its work.Conventionally, the key changes in the meeting statement are analyzed. There is a very significant adjustment regarding inflation this time.
Original text excerpt: Overall economic activity appears to have picked up after edging down in the first quarter.
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Translation: 总体经济活动在略有放缓的一季度后有所好转。 have picked up after edging down in the first quarter.
Original text excerpt: 总体经济活动在略有放缓的一季度后有所好转。
Previous statement: Overall economic activity slows down slightly in the first quarter.
Commentary: The description of the second-quarter economic operation is "improving."
Original text excerpt: The implications for the U.S. economy are highly uncertain.
Remove the description "The impact of the Russia-Ukraine conflict on the U.S. economy is highly uncertain."
Commentary: It looks like it has been confirmed,...