Institutions: The Federal Reserve remains on hold, continuing its wait-and-see approach; its political pressure to cut rates has failed.

In a report, Matthew Vegari, Head of Research at Clearwater Analytics' investment platform, stated that the Federal Reserve's decision to keep interest rates unchanged at 3.50%-3.75% indicates a continuation of its "wait-and-see" strategy. A key conclusion from this meeting is that "the Fed is unwilling to 'turn a blind eye' to energy-driven inflation, as it has done with tariff-induced inflation in the past." He also pointed out that the White House's attempt to force the Fed to cut rates has backfired, as Powell will temporarily remain on the board. "If the Fed were to cut rates amid accelerating inflation, the decision would stem from clear weakness in the labor market, rather than political pressure." (Jinshi)