ChainCatcher News, Federal Reserve Chairman Powell: (The statement adds wording regarding the adjustment of interest rates) "The magnitude and timing" indicates that we are at or near a moment to slow down interest rate cuts. The slowdown in rate cuts reflects the rising economic data this year. It is believed that the policy still has substantial restrictive limitations.

As long as the labor market and economy remain robust, we can be cautious when considering further rate cuts. There are concerns about high inflation risks and uncertainties. (Jin Shi)