On September 20, local time, the minutes of the Fed's latest monetary policy meeting showed that the Fed decided to slow the pace of interest rate hikes in September, keeping the target range for the federal funds rate at 5.25% to 5.Between 50%。Federal Reserve Chairman Powell said at a press conference after the day's meeting that there is "a long way to go" to control inflation, and the Fed will focus on the risks posed by high inflation to the United States in the coming time.。Since March 2022, the Fed has raised interest rates 11 times intensively to curb high inflation, raising them from near zero to 5.25% to 5.5%, the highest level in 22 years。

And this revision of the long-term interest rate undoubtedly confirms this view of the market, which is one of the most critical messages revealed in this rate resolution。

At this point in time, the market desperately needs a "placebo" to stabilize the market's dovish expectations, and this brown book on the state of the economy is just right.。

Waller said: "The data we got last week is very good, the key is that it allows us to proceed with caution.。We can sit there and wait for the data and see if the situation continues。"