The Federal Reserve's May interest rate meeting conveyed three important messages:

First: The Federal Reserve is unlikely to raise interest rates again

Second: The Federal Reserve announced that starting from June, it would reduce the scale of selling Treasury bonds from $60 billion to $25 billion (skirt homepage)

Third: Don't try to predict when the Federal Reserve will cut interest rates. The Federal Reserve itself doesn't know. The Federal Reserve is just gambling, betting that it can harvest enough global assets before the US financial industry is destroyed by high interest rates

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