On May 5th, the CITIC Securities Research Report pointed out that the Federal Reserve's May 2024 interest rate meeting will maintain the target range of the federal funds rate at 5.25% -5.5%. The statement of the meeting changed a lot, announcing that it will start to slow down the balance sheet in June. Powell's speech was generally neutral and dovish, pointing out that the Fed's next move is unlikely to be a rate hike. CITIC Securities believes that before the US unemployment rate rises to mor...