According to the Zhitong Finance APP, Matthias Scheiber, Senior Portfolio Manager and Head of Multi-Asset Solutions Team at Spire, stated that the Federal Open Market Committee of the Federal Reserve announced another pause in adjusting key interest rates, keeping the federal funds rate in the range of 4.25% to 4.50%. Given the ongoing tariff issues causing uncertainty and the still strong U.S. labor market, the Federal Reserve adopted a &#34;wait-and-see&#34; strategy as widely expected by the market. Spire expects that the next interest rate cut by the Federal Reserve may occur in September. If inflation continues to decline and approaches its 2% target, it is anticipated that the Federal Reserve may cut rates twice this year.
Spire expects that stock market performance will continue to be volatile and is optimistic about undervalued sectors in the U.S. stock market, international stocks, and emerging market stocks, due to their better valuations, upcoming fiscal and monetary stimulus measures, and the relatively high valuations of some large U.S. stocks. The outlook for high-quality bonds remains positive, as their overall yields are still attractive

Matthias Scheiber, Senior Portfolio Manager and Head of Multi-Asset Solutions Team at Spire Capital, stated that the Federal Open Market Committee of the Federal Reserve announced another pause in adjusting key interest rates, keeping the federal funds rate in the range of 4.25% to 4.50%. Given the ongoing uncertainty brought by tariff issues and the still strong U.S. labor market, the Federal Reserve adopted a "wait-and-see" strategy as widely expected by the market. Spire Capital expects that the next rate cut by the Federal Reserve may occur in September. If inflation continues to decline and approaches its 2% target, it is anticipated that the Federal Reserve may cut rates twice this year. Spire Capital expects stock market performance to continue to be volatile and is optimistic about undervalued sectors in the U.S. stock market, international stocks, and emerging market stocks, due to their better valuations, upcoming fiscal and monetary stimulus measures, and the relatively high valuations of some large U.S. stocks. The outlook for high-quality bonds remains positive, as their overall yields are still attractive

- The Federal Reserve has decided to maintain the federal funds rate at a range of 4.25% to 4.50%, reflecting a "wait and see" approach amid ongoing tariff uncertainties and a strong labor market.  
- According to Matthias Scheiber from Spire Investment Management, a rate cut may occur in September if inflation continues to decline towards the 2% target, with two cuts anticipated this year.  
- Spire expects continued volatility in the stock market, favoring undervalued sectors in the U.S., international stocks, and emerging markets, while maintaining a positive outlook on high-quality bonds due to their attractive yields.