#美联储FOMC会议 The Federal Reserve's June FOMC meeting kept the benchmark interest rate unchanged at 5.25%-5.5%, in line with market expectations, but released **hawkish signals**. The dot plot shows that most officials expect only one rate cut in 2024 (previously expected three), while also raising the inflation forecast to 2.8%. Powell emphasized the need for "more confidence" to confirm a sustained decline in inflation, suggesting that high rates will remain for a longer period. The market reacted sharply: U.S. stocks fell, the dollar index hit a one-month high, and the 2-year Treasury yield broke above 4.75%. Analysts believe the Fed is taking a wait-and-see approach amid strong employment and sticky inflation, with the first rate cut potentially delayed until December.