#通货膨胀 Recently, I’ve been reviewing the latest Federal Reserve decision and wanted to share some thoughts. Powell explicitly pointed out that inflation risks are tilted to the upside, and the expected number of rate cuts next year has sharply decreased from four to just one. This shift reflects a fundamentally tighter policy environment.

I want to emphasize that this is not bad news, but a reminder that we need to reassess our asset allocations. The persistent inflationary pressure means purchasing power is gradually being eroded, and simply holding cash is no longer a prudent choice. However, this doesn’t mean we should take reckless risks—quite the opposite, we need to think more carefully about each allocation.

My advice is to take advantage of the policy adjustment window to review your investment portfolio: Are there excessive concentration risks? Have you fully considered the long-term impact of inflation on different assets? In a context where interest rates may stay high longer, position management becomes especially important.

In the long run, market volatility is normal. The key is to maintain clear awareness and patience—don’t be scared by short-term data, and don’t relax your vigilance due to temporary optimism. Such a mindset is the best shield to navigate through cycles.