The Federal Reserve will release minutes from its March 19-20 policy meeting at 2 a.m. UTC+8 on Thursday, raising anticipation about potential future economic actions. During the meeting, the Fed opted to maintain the benchmark interest rate within the 4.25%-4.50% range while signaling plans for three 25 basis point cuts this year. Following President Donald Trump’s announcement of a global tariff plan on April 2, U.S. stock markets experienced a downturn, triggering economic concerns from several experts who foresee a potential recession in 2023. Federal Reserve Chair Jerome Powell’s speech on April 4 underscored the uncertain outlook and highlighted the dual risks of rising unemployment and inflation. Recent futures market data indicates traders have increased expectations for four rate cuts this year.