The full text released by The Federal Reserve (FED) indicates that 2025 is within the market's expectations, and it's still a bit early to talk about 2026. Therefore, it is indeed not considered Unfavourable Information, especially since the two rate cuts in February 2025 have exceeded many pessimists' expectations, which is quite good. This increases the probability of a rate cut in September.



As for 2026, we will talk about it then.

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