Summary of recent Fed decisions:
1. The Fed has kept interest rates unchanged for the seventh consecutive time
2. Officials raised inflation expectations for 2024 from 2.4% to 2.6%
3. The median forecast shows only one rate cut in 2024
4. According to the median forecast, there will be a 100 basis point rate cut in 2025
5. The Fed said that although inflation has eased, "it is still at a high level"
6. The median core PCE inflation expectation for 2024 was raised from 2.6% to 2.8%
Ah... Just because of these, it fell again, and the market is not desensitized to rate cuts!
How long will this breath last?