Group 1 - The Federal Reserve maintained interest rates in July, marking the fifth consecutive pause, but signaled a hawkish stance by delaying potential rate cuts [7] - The dissenting votes from Fed officials Waller and Bowman represent the first instance of two dissenting votes since 1993, indicating internal political divisions [7] - Over 70% of economists express concern over political interference in the Fed's independence, particularly in light of Trump's pressure for rate cuts and threats to dismiss Powell [10] Group 2 - Trump's announcement of a 25% tariff on India starting August 1 has heightened global trade uncertainty, following similar tariffs on China [10] - The term "Tariff Blitzkrieg" has emerged in political discourse, reflecting the rapid and aggressive nature of Trump's tariff policies [11]

Group 1 - The Federal Reserve announced to keep the benchmark interest rate unchanged at 4.25%-4.50%, marking the fourth consecutive meeting with no change, aligning with market expectations [1] - Changes in the June FOMC statement include the removal of "recent months" to emphasize the long-term low unemployment rate, a modification of the economic outlook uncertainty, and the return of Kansas City Fed President Esther George to the voting committee [1] - The Fed raised the median interest rate forecasts for 2026 and 2027 to 3.6% and 3.4%, indicating a slowdown in the rate cut process in the coming years [1] Group 2 - Following the June rate decision, the US dollar index rose, closing at 98.85 on June 18 and reaching a high of 99.16 on June 19, reflecting market expectations for rate cuts in September and December [2] - There is a potential for the dollar index to rebound to the 99-100 range due to adjustments in interest rate expectations, especially if inflation risks increase from oil prices and tariffs [2] Group 3 - Precious metals experienced a decline post-Fed meeting, with London gold falling to 3369 yuan per ounce and silver dropping below 37 dollars per ounce [3]