Mhmarkets迈汇：美联储按兵不动 黄金震荡中显抗压韧性

Group 1 - The Federal Reserve maintains the federal funds rate in the range of 4.25% to 4.50%, signaling a cautious stance on monetary policy amid signs of economic slowdown [3][4] - The Fed acknowledges a "moderate slowdown" in the U.S. economy expected in the first half of 2025, indicating a shift from previous statements emphasizing "robust growth" [3][4] - Internal divisions within the Fed are emerging, with two voting members expressing support for rate cuts, contrasting with the more cautious outlook of other officials [3][4] Group 2 - The market has partially priced in expectations for rate cuts later this year, with analysts divided on the likelihood of such actions given current inflation pressures and labor market strength [4][5] - The dynamics of market expectations versus the Fed's actual policy decisions may continue to influence gold market sentiment, with potential for further upward momentum if economic data supports a slowdown [5] - Gold is currently at a critical technical level around $3,300 per ounce, with its future direction heavily dependent on Fed policy and market interpretations of interest rate paths [5]