Summary of the June Federal Reserve FOMC Meeting | The new chairman presides over for the first time, and the four major signals that the market is most concerned about Today (June 17th) is the second day of the Federal Reserve FOMC meeting in June 2026, and also the first time the new chairman has presided over an interest rate meeting. The market is highly concerned about the release of policy signals. core focus one ️⃣ Declaration wording: Should we downplay the tendency towards leniency? Is the policy tone shifting towards neutral or hawkish? two ️⃣ Dot Matrix Signal: Is the Interest Rate Path Moving Up? Has the policy expectation been reset within the year? three ️⃣ Inflation observation caliber: Which inflation indicators does the chairman value more? This will affect policy flexibility. four ️⃣ Shrinking attitude: Does it release a clearer signal to push for shrinking? The four major signals will determine the market's repricing of interest rate paths and liquidity. Core service sector inflation remains sticky (high probability) → The hawkish stance of the Federal Reserve remains unchanged Oil producing countries' production recovery is slower than expected (higher probability) → limited easing of inflation There are variables in the implementation of the agreement/Powell releases hawkish signals this week (medium probability) → Interest rate hike expectations reignite or interest rate cut expectations are postponed After the announcement of the results of today's meeting, the focus will be on the changes in the matrix and the wording of the chairman's speech. Under the benchmark scenario, market fluctuations may be relatively mild, but once there is an unexpected hawkish or dovish event, asset prices will quickly reprice.