Odaily星球日报讯 Pepperstone 高级研究策略师 Michael Brown 表示，说实话，我不确定（美联储在政策声明中不再提及通胀“进展”）是否会改变游戏规则，尽管这可能表明：政策制定者希望在今年晚些时候再次降息之前看到进一步的抗通胀进展。不过，未来利率路径的走向肯定是下降。鉴于美联储今年的开局几乎与他们在 2024 年中断的地方相同，降息的时间仍取决于未来公布的数据。（金十）

Odaily星球日报讯 Pepperstone 高级研究策略师 Michael Brown 表示，说实话，我不确定（美联储在政策声明中不再提及通胀“进展”）是否会改变游戏规则，尽管这可能表明：政策制定者希望在今年晚些时候再次降息之前看到进一步的抗通胀进展。不过，未来利率路径的走向肯定是下降。鉴于美联储今年的开局几乎与他们在 2024 年中断的地方相同，降息的时间仍取决于未来公布的数据。（金十）

机构：美联储等待降息，时机仍取决于数据

Odaily reported that Pepperstone's senior research strategist Michael Brown said, to be honest, I'm not sure whether (the Fed's omission of the mention of "progress" on inflation in the policy statement) will change the game rules, although it may suggest that policymakers want to see further progress in the fight against inflation before considering another rate cut later this year. However, the future path of interest rates is certainly downward. Given that the Fed's start this year is almost the same as where they left off in 2024, the timing of rate cuts will depend on the data to be released in the future. (Jinshi)

Odaily reports that Pepperstone's senior research strategist Michael Brown said, to be honest, I'm not sure whether (the Fed's omission of the word "progress" in its policy statement) will change the game, although it may suggest that policymakers want to see further progress in fighting inflation before cutting rates again later this year. However, the future path of interest rates is certainly downward. Given that the Fed's start this year is almost the same as where they left off in 2024, the timing of rate cuts will depend on the data to be released in the future. (<金十>)

Agency: The Fed is waiting to cut interest rates, but the timing still depends on data

Odaily reports that as the Federal Reserve's two-day meeting begins, investors have already accepted the fact that the Federal Reserve may not cut interest rates this time. But with the stock market at a vulnerable point, they are looking for any signals from Federal Reserve Chairman Powell about the direction of inflation. John Belton, a portfolio manager at Gabelli Funds, said, "Powell's tone on the inflation issue is crucial for Wall Street, as traders need to hear that price pressures are continuing to ease, as there is clearly potential for a black swan event." Swap contracts show that traders expect the Federal Reserve to pause rate cuts, but they are unsure how long the pause will last. This is why Powell's tone in the press conference after the local time Wednesday afternoon interest rate decision is worth watching. If he shows any attitude other than cautious and unwilling to commit, it will be out of character, but Wall Street professionals will listen for any indication of his thoughts in his wording or tone. (Jinshi)

Opinion: Powell's speech after this week's interest rate decision is crucial to the market

Odaily reported that traders expect the Federal Reserve to cut interest rates until June. (<金十>)

Traders expect Fed to wait until June to cut rates

According to the news from Mars Finance, based on the summary by Jinshi, several financial institutions have expressed their views on the upcoming FOMC meeting of the Federal Reserve:

<Standard Chartered Bank: It is expected that there will be no change in interest rates this month, and a wait-and-see attitude will be taken on the issue of interest rate cuts, doubting that Powell will want the FOMC to take a more hawkish stance at this stage.>

<Nordea Bank: It is expected that interest rates will be kept unchanged, and more data and information on President Trump's policies will be awaited, with two rate cuts expected in May and September 2025.>

<PIMCO: The Federal Reserve may "maintain interest rates unchanged in the foreseeable future", and may even raise borrowing costs, as officials are waiting for clarification on Trump's policies.>

<Goldman Sachs Group: It is expected that this meeting will not provide much new information, and it is unlikely to provide forward-looking guidance for policy action in March, with 25BP rate cuts expected in June and September this year.>

<Bank of America: It is expected that interest rates will be kept unchanged, economic data is trending stable, or the outlook for the job market may be revised upward. Powell may retain maximum flexibility for the policy decision in March.>

<ING: It is expected that monetary policy will not change. The rapid rise in government bond yields has significantly increased the borrowing costs of consumers and businesses, and it is predicted that the Federal Reserve will cut interest rates three times in 2025.>

<Rabobank: It is expected that interest rates will be kept unchanged, and Powell is expected to be cautious about further rate cuts, while avoiding questions about the impact of Trump's policies on the Federal Reserve's interest rate path.>

<JPMorgan Chase: It is expected that interest rates will be kept unchanged, and the possibility of action at the March meeting is not ruled out, focusing on whether and how the Federal Reserve will incorporate Trump's policies into its policy review.>

<Natixis: It is expected that interest rates will be kept unchanged, and a hawkish surprise is unlikely, but attention needs to be paid to how the Federal Reserve views the combination of Trump's policies and their impact on inflation and economic growth.>

<Ernst & Young: Data shows the economy is robust, and inflation is more stubborn than expected. It is expected that the rate cut will be paused this week, and as many options as possible will be retained to allow further adjustments to the federal funds rate this year.>