美联储宣布维持利率水平，六月份或不降息

Core Insights - The Federal Reserve has decided to maintain the current federal funds rate at 4.25%-4.5%, indicating a low likelihood of rate cuts in the near term [1] - The decision reflects a cautious stance due to uncertainties surrounding tariff policies and their potential impact on inflation and employment [2][6] - Fed Chairman Powell emphasized the need for patience in adjusting rates, suggesting that any future rate cuts would depend on the evolution of economic conditions and tariff negotiations [3][6] Summary by Sections Monetary Policy Decision - The Federal Reserve's decision to keep interest rates unchanged aligns with market expectations, indicating a neutral to hawkish tone, which suggests a low probability of rate cuts in June [6] - The Fed's cautious approach is influenced by the ongoing trade negotiations and the uncertainties they bring to the economic outlook [6] Economic Outlook - Current economic data shows resilience in consumer spending and investment, which supports the Fed's decision to maintain rates [6] - Powell noted that inflation may rise in the short term due to tariffs, but the long-term inflation outlook will depend on the scale and duration of these tariffs [3][4] Tariff Policy Impact - The Fed acknowledges that tariff levels have exceeded expectations, but there has not been a significant impact on economic data thus far [4] - The uncertainty surrounding tariff policies continues to be a major factor in the Fed's decision-making process, as it affects both inflation and economic growth [2][6]