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According to Golden Ten Data, JPMorgan's Global Head of Fixed Income, Michele, stated that this is not an economic environment suitable for interest rate cuts.

Jinse Finance reported that on June 18, the US Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $682.8 million on Wednesday (by 16 counterparties), compared to $1.0721 billion on the previous trading day.

According to Golden Ten Data on June 18, Professor of Economics Phil Powell stated that the Federal Reserve is expected to keep interest rates unchanged at this meeting. Powell noted that prior to the peace agreement between Washington and Tehran, financial markets were concerned about further rises in inflation, with the inflation rate already exceeding 4% due to the surge in oil prices. In the coming months, the Federal Reserve is more likely to raise interest rates rather than cut them. However, the Iran peace agreement is undoubtedly very positive news; oil prices may therefore decline more than expected, which would reduce the likelihood of a rate hike in the short term. This decision is the first interest rate decision since Walsh took office as Federal Reserve Chairman. Markets may believe that the new Federal Reserve Chairman is more willing to cut interest rates than his predecessor, but facts have proven otherwise. The Federal Reserve's decisions are based on highly technical data and procedural considerations, not emotional decisions. As for the prospects of rate cuts, Powell said that because inflation must first decline, the Federal Reserve is unlikely to lower rates before the end of this year.