Analyst: Fed's Next Rate Cut Expected in June

Odaily News According to Investec analyst Ryan Djajasaputra, the message conveyed by Powell seems to be that the Fed is not in a hurry to adjust policy in the short term. Powell emphasized that current policy does not appear overly restrictive, while highlighting the strong performance of the US economy. Additionally, Powell clearly stated that the Fed wants to see more progress in inflation returning to its target level. With commodity prices continuing to rise, Powell primarily attributed this to the upward effects of tariffs. The analyst believes the implication is clear: the Fed may be entering a pause in its rate-cutting cycle, with the next 25 basis point cut expected in June. (Jin10)