The U.S. Federal Reserve's latest decision to keep the benchmark interest rate unchanged at 4.25%-4.50% is the fourth time since January this year that it has taken a policy stance of standing still. According to the Fed's latest dot plot projections, two rate cuts are likely in 2025, with a 25 basis point cut in 2026 and 2027. In a subsequent press conference, Fed Chairman Jerome Powell stressed that the current monetary policy remains flexible, and said that the current policy has been slightly tightened, but still maintains a moderately restrictive level to balance the need for economic growth and inflation control.