The Federal Reserve announced to keep the benchmark interest rate unchanged.

On the local time 18th, the Federal Reserve of the United States concluded a two-day monetary policy meeting and announced to keep the benchmark interest rate unchanged, maintaining the federal fund rate target range between 4.25% and 4.50%, which was in line with market expectations. This is the fourth time since January that the Fed has decided to keep the interest rate unchanged. Analysis pointed out that the May CPI data released in the United States recently showed signs of rising inflation, while at the same time, private sector employment numbers dropped significantly lower than expected, indicating a cooling job market. The uncertainty of the U.S. tariff policy and rising oil prices have led some economists to worry that the U.S. job market may continue to weaken and inflation may rebound in the coming months. Therefore, the Federal Reserve continues to adopt a wait-and-see attitude, waiting for progress in trade negotiations and observing changes in inflation levels and the job market. However, given the soft economic data, especially the contraction of the manufacturing sector, most financial institutions on Wall Street expect the Fed to cut interest rates twice this year, with the first rate cut expected in September.