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After the CPI data came out, the price of bread rose and hit the 100,000 mark

The Fed kept the interest rate decision unchanged.

Fed June interest rate decision:

Announced value: 5.50%

Expected value: 5.50%

Previous value: 5.50%

The Fed said: It is inappropriate to lower the policy target range before having greater confidence that inflation will continue to move towards 2%.

Fed officials adjusted the median federal funds rate at the end of 2024 to 5.1% (previous value was 4.6%).

The Fed pointed out that the inflation rate fell last year, but it is still at a high level.

The Fed said: The risks to achieving policy goals have shifted to a better balance.

The Fed mentioned: The economy continues to grow at a steady rate, job growth remains strong, and the unemployment rate remains low.

According to the Fed's forecast, interest rates will be cut by 25 basis points from the current level in 2024, and another 100 basis points in 2025.

The Fed stressed that it will continue to reduce its holdings of U.S. Treasury bonds and mortgage-backed securities.

The Fed also said that despite the lack of progress noted in its May 1 statement, some progress has been made toward the 2% inflation target. #第55期新币挖矿IO #币安用户数突破2亿 $BTC $ETH $SOL