风口纵横｜又不降息！鲍威尔硬刚特朗普，还顺手“放鹰”

Core Viewpoint - The Federal Reserve has decided to maintain interest rates in the range of 4.25% to 4.50%, marking the fifth consecutive meeting without a rate cut, despite pressure from President Trump for a reduction [2][4]. Group 1: Federal Reserve's Decision - The Federal Reserve's Open Market Committee had 12 voting members, with 9 supporting the decision to keep rates unchanged, while 2 members voted for a 25 basis point cut [4]. - This marks a rare occurrence where both the President and a Federal Reserve member publicly advocate for a rate cut, reflecting the pressure from Trump on Fed Chairman Powell [5]. Group 2: Economic Indicators - Recent economic indicators show a slowdown in economic activity in the first half of the year, with the unemployment rate remaining low and inflation still high, indicating uncertainty in the economic outlook [5][6]. - The second quarter GDP growth was reported at an annualized rate of 3%, significantly higher than the first quarter's -0.5%, but this growth was primarily due to a reduction in imports rather than a robust economic recovery [9]. Group 3: Future Outlook - Powell indicated that the decision for the September meeting will depend on upcoming employment and inflation data, suggesting that no immediate rate cut is guaranteed [6][7]. - Analysts suggest that while there may be short-term inflation risks, the overall economic growth is expected to continue slowing, with potential rate cuts later in the year [10][11].