In the early morning of September 17, Beijing time, the Federal Reserve announced that it would raise the federal funds rate target range by 25 basis points to 3.75% — 4.00%, the first rate hike since July 2023. Li Chong, co-chief overseas macro analyst at CITIC Securities, said that the Federal Reserve raised interest rates by 25 basis points as scheduled in September to raise economic growth and inflation forecasts for this year. The bitmap and Federal Reserve Chairman Kevin Walsh's statement both sent hawkish signals. The Federal Reserve is expected to raise interest rates by another 25 basis points during the year, and may stand still next year. Currently, it is difficult to clearly ease financial conditions in the US; assets supported by fundamentals should be sought under a growth narrative. Li Chong believes that this resolution reflects the Federal Reserve's optimism about the resilience of the US economy and concerns about the persistence of high inflation. Walsh said that the resolution removed some easing, and the FOMC still lacks confidence that inflation will fall back. Although the Federal Reserve cannot influence a single price, it will ensure that price changes do not spill over to other sectors and avoid second-order and third-order effects on the economy.

In the early morning of September 17, Beijing time, the Federal Reserve announced that it would raise the federal funds rate target range by 25 basis points to 3.75% — 4.00%, the first rate hike since July 2023. Li Chong, co-chief overseas macro analyst at CITIC Securities, said that the Federal Reserve raised interest rates by 25 basis points as scheduled in September to raise economic growth and inflation forecasts for this year. The bitmap and Federal Reserve Chairman Kevin Walsh's statement both sent hawkish signals. The Federal Reserve is expected to raise interest rates by another 25 basis points during the year, and may stand still next year. Currently, it is difficult to clearly ease financial conditions in the US; assets supported by fundamentals should be sought under a growth narrative. Li Chong believes that this resolution reflects the Federal Reserve's optimism about the resilience of the US economy and concerns about the persistence of high inflation. Walsh said that the resolution removed some easing, and the FOMC still lacks confidence that inflation will fall back. Although the Federal Reserve cannot influence a single price, it will ensure that price changes do not spill over to other sectors and avoid second-order and third-order effects on the economy.