Federal Reserve's semi-annual monetary policy report: Greater confidence in inflation is still needed before interest rate cuts

The Federal Reserve's semi-annual monetary policy report shows that inflation has made some progress this year, but more confidence is still needed before interest rate cuts; real estate-related inflationary pressures are expected to gradually decrease; the financial system remains "healthy and resilient" despite "pressures" on some banks' commercial real estate portfolios; and liquidity remains abundant at most domestic banks.