The Federal Reserve has resisted market pressure for policy rate changes following its May meeting. Despite initial concerns about imminent adjustments, the minutes from this pivotal event, due to be released on Thursday at 2:00 UTC+8, may shed light on the Fed’s commitment to their current stance. Since then, trade tensions escalated with President Trump’s tariff announcements in April, raising anxieties of a broader global economic downturn. The Fed currently holds rates steady at 4.25%-4.50%, reflecting its cautious approach until the effects of these changes on the economy become clearer. Investors anticipate no immediate rate adjustments for June or July meetings, with potential cuts of 25 basis points expected in September and December if needed.