国元证券晨会纪要-20250619

Core Insights - The Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, aligning with market expectations, and is projected to lower rates twice within the year [2][3] - Economic pressures are anticipated due to increased tariffs, which may elevate inflation [2] - The U.S. Treasury market saw a rise in the 2-year yield by 0.22 basis points to 3.941%, while the 10-year yield increased by 1.58 basis points to 4.393% [3] Economic Data - The Baltic Dry Index closed at 1952.00, down 1.16% [4] - The Nasdaq Index closed at 19546.27, up 0.13%, while the Dow Jones Industrial Average decreased by 0.10% to 42171.66 [4] - The ICE Brent crude oil price was reported at 76.08, down 0.48% [4] - The USD/CNY exchange rate was 7.19, reflecting a slight increase of 0.04% [4] - The Hang Seng Index closed at 23710.69, down 1.12% [4]