On June 18th, Tai Hui, Chief Market Strategist for Morgan Asset Management in Asia, stated that at the first interest rate meeting chaired by the new Federal Reserve Chairman Walsh, the FOMC unanimously decided to maintain the target range for the federal funds rate at 3.50% -3.75%. From the signals released at this meeting, it can be seen that the Federal Reserve has not shown a willingness to urgently relax monetary policy. Tai Hui further stated that this policy statement has undergone significant changes in form, with its length reduced by about half compared to previous versions. Compared with the classic "four paragraph" detailed statement released in April this year, the latest statement has been significantly streamlined and completely abandoned the previously implied loose tendency. At the same time, the descriptions of economic growth, job market, and inflation prospects are clearly becoming more concise. He believes that at the current interest rate level, the FOMC seems willing to remain patient, thus maintaining the judgment that the Federal Reserve will not adjust interest rates within the year.