Analyst: The Federal Reserve's interest rate decision this time is dovish.

Odaily News Renaissance Macro's Neil Dutta believes the Fed's decision this time appears to be dovish. The Fed thinks tariffs are detrimental to economic growth, unemployment, and inflation. However, while the Fed has raised its core inflation forecast by 0.3 percentage points, the median interest rate remains unchanged, still indicating that there will be two rate cuts within the year. If the core inflation rate is below this forecast level, there will be room for rate cuts from 2026 to 2025. (Jin Ten)

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