ANZ Bank: Powell may continue to wait and see

Odaily News ANZ Bank pointed out in a report to clients that the Federal Reserve meeting this week is likely to keep the federal funds target rate unchanged. Although the latest macroeconomic data show that the job market has cooled, it remains relatively resilient. The bank believes that the stability of the job market gives the Fed time to pay attention to the upcoming inflation report at a time of rising tariffs and rising inflation uncertainty. ANZ Bank expects that Fed Chairman Powell will continue to emphasize patience, pointing out that monetary policy is in good shape and can respond appropriately to developments. (Jinshi)