The Federal Reserve released meeting minutes: The high interest rate policy of 5.25% to 5.5% may continue for a longer period of time

The Federal Reserve released the minutes of its interest rate meeting from April 30 to May 1 yesterday. The minutes showed that after the US inflation data failed to meet expectations for three consecutive months, Fed officials believed that interest rates would need to remain high for longer than previously expected. At the interest rate meeting, the Fed, as expected, continued to maintain the interest rate level at 5.25%-5.5%, and prepared to slow down the pace of balance sheet reduction from June, reducing the monthly redemption limit of US Treasury bonds from US$60 billion to US$25 billion. (Caixin.com)