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Hello everyone, today XM Forex will bring you "[XM Forex]: Trump predicts that the trade news will be announced on Thursday!" Hope it will be helpful to you! The original content is as follows:
The US dollar index strengthened on Wednesday as the Federal Reserve kept interest rates unchanged in the latest meeting as market expectations and suggested it was not in a hurry to cut interest rates.
On Wednesday, the U.S. Federal Open Market Committee (FOMC) maintained the benchmark interest rate unchanged in the range of 4.25%-4.5%, and said that inflation and unemployment risks are increasing, and there is still uncertainty in the outlook for the U.S. economy.
FOMC said in a post-meeting statement: "The uncertainty of the economic outlook has further increased. The committee is concerned about the bilateral risks faced by dual responsibilities and believes that the risks of rising unemployment and rising inflation are increasing."
UBS Fed's foreign exchange strategist in New York said: "The content of the Fed's statement is only slightly changed, and the main axis is still as expected, that is, 'The Fed is facing a tightness between its dual missions'. The foreign exchange market has long been aware of this, and therefore the initial response has been relatively flat."
Feder Chairman Powell maintained a neutral tone, saying that the current policy stance is appropriate and the Fed is not in a hurry to adjust interest rates.
He stressed that the Fed was ready to act “as appropriate” if the situation changes, but warned that if the tariffs remain, the Fed’s goal would not be fully achieved.
StateStreet senior global market strategist Marvin Loh pointed out: "The Fed's attitude this time is a bit hawkish than the market expects, and his views on inflation above average or the job market is still in short supply have not changed or softened."
Loh added: "I think the Fed will maintain a wait-and-see position for a long time until economic data shows that they must take action or there is a clearer change in the trade situation."
Loh added: "I think the Fed will maintain a wait-and-see position for a long time until economic data shows that they must take action, or there is a clearer change in the trade situation."
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In terms of trade situation, US President Trump announced on social media on Wednesday local time: A major press conference will be held in the Oval Office tomorrow at 10 a.m. (10 a.m. tonight Beijing time) involving a major trade agreement reached with representatives of a highly respected major power. This is the first (a deal reached)! !
According to the New York Times on Wednesday, the United States will announce a trade agreement with the United Kingdom.
The People's Bank of China has announced a series of comprehensive monetary policy measures to support its economy, first by lowering the 7-day reverse repurchase rate by 10 basis points to 1.40%, effective from May 8. The People's Bank of China will also lower the deposit reserve ratio by 50 basis points and release about 1T yuan to the banking system.
The new software package is divided into three categories: quantitative tools, price-based tools, and structural tools. The quantitative department focuses on achieving long-term liquidity through lowering the reserve requirement ratio. Price-based measures include lowering benchmark and structural policy interest rates. Structural components aim to introduce credit into strategic areas such as technological innovation, consumption and inclusive finance.
Retail sales in the euro zone fell -0.1% month-on-month in March, in line with expectations. The segment showed that major categories had slightly declined, with food, beverage and tobacco sales falling by -0.1%, while non-food products (excluding fuel) also declined by -0.1%. Only automobile fuel recorded a slight increase, up 0.4%.
In the entire EU, retail trade also fell by -0.1% month-on-month. Slovenia (-2.0%), Estonia (-1.3%) and Slovakia (-0.9%) showed significant contractions. Malta led the gains with a 2.0% increase, followed by Belgium, Croatia (all +1.4%) and Bulgaria (+1.1%).
As expected, the Federal Reserve held the benchmark interest rate unchanged at 4.25-4.50% for the fourth consecutive meeting and received a unanimous vote from the FOMC.
The Federal Reserve acknowledged in a post-conference statement that recent data were affected by net export volatility, but stressed adjustments to the economic activity continued to expand at a "stable rate."
The statement strengthened the Fed's confidence in the labor market, noting that the unemployment rate has "stabilized at a low level" and that the situation is "stable."
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