晨星：若点阵图暗示今年没有降息，解读将是“相当鹰派”

Core Viewpoint - The Federal Reserve's situation this summer is particularly challenging, with expectations for fewer interest rate cuts this year due to persistent inflation and potential policy changes from the Trump administration [1] Economic Predictions - The last economic forecast from the FOMC was released on March 2, prior to Trump's tariff announcement, which has since disrupted the economic outlook [1] - The FOMC had previously anticipated two interest rate cuts in 2025, but analysts now suggest that only one cut in 2025 would not be surprising [1] Market Reactions - Bond futures traders have significantly delayed their expectations for interest rate cuts this year [1] - A scenario where the dot plot indicates no rate cuts would be interpreted as "quite hawkish" [1]