Powell: We are currently at or near the moment of slowing down interest rate cuts

ChainCatcher message, Federal Reserve Chairman Powell: (The statement adds wording about adjusting interest rates) "Magnitude and timing" indicate 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 effects.

As long as the labor market and the economy remain robust, caution can be maintained when considering further rate cuts. It is believed that inflation risks and uncertainties are high. (Jin Ten)