Zeng Yu, an analyst at CITIC Construction Investment, believes that the Federal Reserve raised interest rates by 25 bps in full vote. The key message of the meeting was that the statement removed the energy supply impact of inflation. This deletion echoes Walsh's repeated emphasis on inflation being too high and continuing for too long, indicating that the Commission no longer sees inflation as a supply shock that can be absorbed in the short term. The bitmap was revised at the same time as the economic forecast, and one more time during the year became a median judgment. Inflation was further delayed when it returned to the 2% target; Walsh said the committee lacked confidence that inflation was moving towards the target, and continued the communication style that did not provide forward-looking guidance. The market shows a typical bear flat: short-term pricing is on a higher policy interest rate path and jumps out of place. Long-term trading is the ability of the Federal Reserve to control inflation, and the upward trend is relatively moderate. Looking back, this year's addition is the benchmark situation; the Federal Reserve has never added it once since 1999, but the starting point for this round is already limited, and there is limited room for accumulation. Next year's path is heavily dependent on oil prices and inflation data.

Zeng Yu, an analyst at CITIC Construction Investment, believes that the Federal Reserve raised interest rates by 25 bps in full vote. The key message of the meeting was that the statement removed the energy supply impact of inflation. This deletion echoes Walsh's repeated emphasis on inflation being too high and continuing for too long, indicating that the Commission no longer sees inflation as a supply shock that can be absorbed in the short term. The bitmap was revised at the same time as the economic forecast, and one more time during the year became a median judgment. Inflation was further delayed when it returned to the 2% target; Walsh said the committee lacked confidence that inflation was moving towards the target, and continued the communication style that did not provide forward-looking guidance. The market shows a typical bear flat: short-term pricing is on a higher policy interest rate path and jumps out of place. Long-term trading is the ability of the Federal Reserve to control inflation, and the upward trend is relatively moderate. Looking back, this year's addition is the benchmark situation; the Federal Reserve has never added it once since 1999, but the starting point for this round is already limited, and there is limited room for accumulation. Next year's path is heavily dependent on oil prices and inflation data.