The Federal Reserve released the minutes of the March meeting. The minutes show that all participants believe that maintaining the interest rate unchanged is appropriate given the significant uncertainty regarding the economic outlook. At last month's meeting, decision-makers almost unanimously agreed that the U.S. economy faces the risk of rising inflation and slowing growth simultaneously, and some decision-makers pointed out that the Federal Reserve may face "difficult trade-offs" in the future.

Most participants pointed out that the inflationary effects from multiple factors may be more persistent than they expected. The participants assessed that the Federal Open Market Committee (FOMC) is in a favorable position to wait for the economic outlook to become clearer.

The meeting on March 18-19 was held after the initial tariff plan of the Trump administration triggered uncertainty in the economic outlook, leading participants to favor a "cautious approach," which means that if inflation persists, they may choose to maintain higher interest rates for a longer period; if the economy weakens and requires immediate attention, they may choose to lower rates. #加密市场反弹 #CPI & PPI 数据将公布 #当前行情分析：抄底还是观望？ #BTC