1. Bao finished his speech, and Afeng summarized it.
2. Bao's speech ended, and Afeng immediately gave a concise summary.
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4. 1. Positive inflation trend: Although Bao did not directly mention interest rate adjustments in his speech, he clearly conveyed a good news - the current inflation is steadily declining and on the right track.
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6. 2. Inflation range forecast: He expects that in the next year, the inflation rate will remain in a low range of 2% to 3%, and is expected to fall back to the target level of 2% by the end of next year or the year after.
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8. 3. Cooling of interest rate cut expectations: This statement immediately triggered a chain reaction in the market, and investors' expectations for interest rate cuts in the short term were greatly reduced, causing the stock market to pull back in a short period of time.
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10. 4. New perspective on interest rate decision-making: The Federal Reserve clearly stated its position that the level of inflation, rather than the quality of economic performance, will be the main consideration for adjusting interest rates in the future. This means that the impact of fluctuations in economic data on interest rate policy will tend to be stable.
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12. Market outlook tends to be rational: Based on the above signals, market participants can foresee that future economic data, such as initial jobless claims and non-farm payrolls, will return to a more stable state and no longer fluctuate as violently as in the past few months. For more details, please click on my avatar to explore in depth!