Odaily News The Fed's May meeting dampened market expectations for a near-term change in its policy rate, and the minutes released on Wednesday could show how committed policymakers are to their current wait-and-see approach. The minutes will be released at 2:00 a.m. Beijing time on Thursday, though some key elements have been overwritten by new developments since the meeting, which comes as Trump's massive tariff announcement in early April is fueling strong concerns about the impact of a trade war on the global economy.
Until the impact of changes in the global trade situation on the economy becomes clear, the Fed has little reason to adjust the 4.25%-4.50% policy rate it has maintained since December last year. Investors currently expect the Fed to keep interest rates unchanged at its June and July meetings, but cut rates by 25 basis points in September and December. (Jinshi)