On May 1, the Federal Reserve will announce its May interest rate meeting and is expected to keep interest rates unchanged

On May 1 (the early morning of May 2, Beijing time), the Federal Reserve will announce the May interest rate meeting. It is expected that the Federal Reserve will maintain the forward guidance that relies on data, the time of interest rate cuts still needs to be observed, and the downward inflation will encounter twists and turns but it is still difficult to determine the trend reversal. In addition, it is expected that the Federal Reserve will announce a slowdown in the pace of balance sheet shrinkage (taper) at the May meeting, but it is necessary to continue to observe the time to stop the balance sheet shrinkage, and it may also be "multi-step".