What should be attached attention in the latest Fed interest rate statement?

On Wednesday, the Federal Reserve announced that it would continue raising interest rates, the tenth consecutive rate hike since March last year. The Federal Reserve said this was to deal with US inflation and promote a stable economic operation. In contrast, Fed Chair Powell said an immediate interest rate cut this year is temporarily impossible. But simultaneously, the sluggish labor market in the US and the tense banking crisis have put the rest of the world on edge.

For individual investors, the risk of bank stocks has increased rapidly. The rate hikes have already dealt a massive blow to the banking system, with rising rates pushing bond prices in the opposite direction. The performance of SVB, FRC, and PacWest indicates that a storm in the banking industry is coming.

Real Estate: Buying and selling of homes should shrink due to high mortgage rates
Tech companies: For VCs, high-interest rates make cash flow less attractive, leading to lower stock prices and valuations
Manufacturing: High-interest rates will reduce demand for credit consumption

Although Powell said the U.S. economy would not face a recession this year, the continuous interest rate hikes have hit market confidence. GDP may decline in the future, and recession is possible.