Institution: The Federal Reserve is waiting for interest rate cuts; the timing still depends on the data.

Odaily Planet Daily reported that Michael Brown, Senior Research Strategist at Pepperstone, stated, to be honest, I am not sure whether the Federal Reserve's decision to no longer mention inflation "progress" in their policy statement will change the game, although it may indicate that policymakers want to see further anti-inflation progress before considering another rate cut later this year. However, the future path of interest rates is certainly downward. Given that the Federal Reserve's start this year is almost the same as where they interrupted in 2024, the timing of rate cuts will still depend on future data releases. (Jin Ten)