第五次维持利率不变！美联储主席透露关键信息

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 4.25% to 4.50%, marking the fifth time this year that rates have been held steady, reflecting a cautious approach to monetary policy amid economic uncertainties [1][2] Group 1: Monetary Policy Decisions - The Federal Reserve's July meeting resulted in no change to interest rates, aligning with market expectations [1] - Economic activity has slowed in the first half of the year, while the labor market remains robust, but inflation levels are still considered high [1] - There is significant uncertainty regarding the economic outlook, which influences the Fed's cautious stance [1] Group 2: Internal Disagreements - For the first time in over 30 years, two Federal Reserve governors voted against the rate decision, indicating increasing internal policy disagreements [1][2] - The dissenting votes came from Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller, both appointed by former President Trump, who favored an immediate 25 basis point rate cut [2] - Chairman Powell stated that the dissenting members would explain their reasons in the coming days, highlighting the ongoing pressures from the Trump administration for rate cuts [2]