The Federal Reserve issued a statement after the most interest rate meeting, reaffirming the gradual path of raising interest rates. The market maintained the expectation of raising interest rates twice during the year, and the probability of raising interest rates in June increased significantly.

Market institutions believe that the main reason for the Fed's hawkish statement, inaction and dull market performance is the uncertainty of Trump's tax reduction and spending increase policies. Although there was a correction in the economic trend in March and April, it did not have a substantial impact on the expectation of raising interest rates. It is expected that the future economic trend will justify the gradual interest rate increase.

After the FOMC meeting from May 2 to May 3, local time, the Federal Reserve issued a statement to maintain the target range of the federal funds rate at 0.75%- 1% after raising interest rates by 25 basis points in March, in line with previous market consensus expectations.

According to CME's "Fed Watch", the probability of the Fed raising interest rates rose from 66.3% in June to 75.2%, and from 80. 1% in September to 85.5%.