Federal Reserve spokesperson: The Federal Reserve has entered a wait-and-see phase and is satisfied with its interest rate stance

ChainCatcher news, "Fed's mouthpiece" Nick Timiraos stated that the Federal Reserve has pressed the pause button on interest rate cuts and has entered a new wait-and-see phase, as it tries to decide whether to lower rates from the recent twenty-year high and by how much.

Before deciding to keep rates unchanged on Wednesday, the Federal Reserve had cut rates three times in a row since September, when the rate was around 5.3%. The policy statement released at the end of the two-day meeting made only minor adjustments. The statement indicated that they are satisfied with their interest rate stance amid an economic situation where inflation remains slightly above target and the labor market is stable. (Jin Shi)