Deutsche Bank said the Fed’s decision to hold rates and limited detail from the Fed chair prompted a sharp steepening of the US Treasury yield curve, lifting the 30-year yield to 5.20% and pressuring equities. The S&P 500 posted its worst single-day drop in seven weeks, closing down 1.52% after wide intraday swings — down more than 0.5% ahead of the FOMC, briefly rallying during the chair’s press conference, then plunging in the final hour. Tech weakness, including a 5.33% collapse in the Philad

美联储主席沃什：我们唯一的目标是2%的通胀率。

Fed Chair KEVIN WARSH said he references a broader set of inflation indicators than PCE alone, though PCE remains the Fed's reference metric and will continue to be used. June core PCE, the Fed's preferred inflation gauge, is due Thursday 20:30 Beijing time. Committee members typically do not wait for the public print; they rely on staff estimates based on available information, and FOMC deliberations are driven by those internal analyses. Markets expect core PCE YoY 3.30% (prev. 3.40%). A print below expectations would lessen the urgency for additional rate hikes; an upside surprise would reinforce expectations for further tightening.