Source: Bloomberg

Author: Isabelle Lee, Emily Graffeo

Wall Street is generally expected to raise interest rate hikes by the Fed, and the facts are indeed true.However, the stock market investors are controversial about contradictory information: policy guidelines have changed from "continuous" interest rate hikes to "some additional" policy tightening, although Chairman Powell said that the Federal Reserve has not tied.

The stock market rose first.US Treasury bonds and the US dollar fell.Due to the Fed's expectations of unemployment and inflation, the Federal Reserve's economic prediction abstract is not much useful for investors.

Although Powell said at a press conference that the decision maker has considered suspending interest rate hikes before, the Fed still focuses on the development of the banking system situation while focusing on the risk of high inflation."If we need to raise interest rates higher, we will do it," he said.

"In view of the continuous pressure of the banking industry, the Fed has tried to hawks as much as possible," said Win Thin, head of the global foreign exchange strategy of BBH, said, "In my opinion, its statement is similar to the European Central Bank.Overcoming the pressure of the banking industry, the tightening cycle may still remain unchanged. "

The comments from other people in Wall Street are as follows:

SONIA MESKIN

"Yes, this is a little eagle, although the market has been interpreted as pigeons so far, this may make sense, because Powell's latest statement before the quiet period is to raise interest rates 50 basis points and March economic forecast abstracts.The more substantial tightening opened the door. "

Principal Asset Management chief global strategist Seema Shah

The central bank's "Dot Caps indicates that it is still possible to raise interest rates again, but the Fed will inevitably rely on data, and it depends on the market."

"In the roller coaster in the past month, Powell has changed from pigeons to eagle, and it is likely to return to the pigeons again, and the market expects is also turbulent. The decision makers will urgently hope that inflation can be as expected as expected, and the slowing trend will be very likely.Reappear quickly to verify today's decision. Otherwise, from April and May, people may even make people more exhausted. "

Morgan Stanley Macro Strategy Global Supervisor Matthew Hornbach

"How do they balance financial stability and worry about viscosity inflation that impressed me. The way they adopted as they had told us, that is, they would add less but drop later. This seems to be a considerable oneThe decision of rational. I think the market should be satisfied. The bond market will dispel the expected interest rate reduction expectations within the year. "

Oscar Munoz, a US macro strategyist in Daoming Securities

"The growth and unemployment prediction in economic prediction abstracts have basically maintained. Although the current unemployment rate is 3.6%, and the growth of the first quarter is quite strong. This means that they are clearly expected to be greatly released by the end of the year and 2024 in 2024.Slow. "

Pamaway chief economist Diane Swonk said on Bloomberg TV

"I think the current prospects are not clear. Therefore, we see so many people say that they may be paused or they might be suspended."