#美联储货币政策展望# The Fed's recent actions are really interesting! Maintaining the interest rate unchanged but having two dissenting votes is a first in 32 years. It seems that there are significant internal disagreements, and the battle between the hawks and doves is becoming increasingly intense. Currently, inflationary pressures have indeed eased somewhat, but the effects of tariffs have not fully emerged, and the economic data is mixed. I think Powell is in a dilemma now, not wanting to cut rates too early and reignite inflation, while also worrying about high rates dragging down the economy. In the short term, he may still maintain a cautious wait-and-see approach unless there is a clear economic downturn. For us, we need to closely follow the developments in September and October's meetings and be prepared for various scenarios. After all, when policies change, the market can experience significant fluctuations.