The Federal Reserve maintains the interest rate at 3.5%-3.75%, continuing its wait-and-see strategy

According to Jinshi reports, the Federal Reserve will maintain interest rates at 3.5%-3.75%, indicating that it will continue its "wait-and-see" strategy. Matthew Vegari, head of research at Clearwater Analytics investment platform, pointed out that the Federal Reserve is unwilling to "turn a blind eye" to energy-driven inflation. He also mentioned that the White House's attempts to force the Federal Reserve to cut interest rates have backfired, and Powell will continue to serve in his position. If the Federal Reserve implements interest rate cuts amid accelerating inflation, it will stem from a noticeable weakness in the labor market rather than political pressure.