Here's the translation of the Federal Reserve meeting on March 19th:

Let me break down the Federal Reserve interest rate decision meeting on March 19th.

For this Federal Reserve meeting, the market has nearly reached a consensus: there will be no rate cut in March, so the outcome itself will likely not trigger significant volatility and has essentially been priced in ahead of time.

There are two key things to watch for.

First is the dot plot. Currently, the market widely believes that rate cuts will be pushed further back, with possibly only 1-2 cuts throughout 2026, and the first rate cut may not come until September or even later. If the dot plot is more hawkish than expected, such as indicating only one rate cut, that would have a notable negative impact on risk asset sentiment.

Second is Powell's remarks. The main focus is on how he discusses oil prices, inflation, and the timing of rate cuts. Whenever there's messaging like "rates higher for longer," the market generally treats it as bearish.

Overall, the market has already been pricing in hawkish expectations ahead of time, with the meeting itself playing out more like bad news landing, with the key factor being whether the degree of hawkishness will exceed the market's current expectations. #Gate广场AI测评官