· International Finance and Economics 06-18 Published

24-hour financial news: The Fed's hawkish stance causes global shock, and the Sci - Tech Innovation Board accelerates the expansion of AI inclusion.

Early on June 18th, the Federal Reserve's FOMC kept the interest rate unchanged at 3.5%-3.75%, remaining on hold for four consecutive times. Nine out of 18 officials expect at least one interest rate hike within the year, and the statement removed the easing bias. In his debut, Warsh officially abandoned forward guidance and downplayed the binding force of the dot plot, and announced the establishment of five special working groups on monetary policy. The U.S. dollar index recorded its largest increase in three months, the yield of the 2-year U.S. Treasury bond soared to 4.20%, and the Nasdaq Composite Index tumbled 1.34% in response.

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