#美国核心物价涨幅不及市场预估 What is the Federal Reserve waiting for? No change in interest rate policy in the short term

An industry veteran journalist's latest analysis reveals: even after the December CPI has been announced, the Federal Reserve is likely to continue holding steady in the near future. Ultimately, they want to see more sustained and clearer signals of inflation decline before considering any action.

Key points to consider:

**The current stance is very clear—wait and see**
The Federal Reserve's internal opinions are basically aligned. Without several months of obvious cooling in inflation, they are unlikely to act impulsively. The benefit of this approach is to avoid frequent policy swings that could confuse the market.

**Looking back at why interest rates were cut last year**
It wasn't because inflation was fully under control, but rather due to greater concerns about the labor market—fearing the economy might loosen up—so they took an insurance cut.

**Where is the critical turning point?**
Either of these signals could change the Fed's attitude: one, continued weakness in employment; two, core CPI and similar inflation data declining significantly for several consecutive months.

In simple terms, the Federal Reserve is now like walking a tightrope—afraid of inflation roaring back, yet reluctant to tighten policies and crush the economy. Under this dilemma, the timetable for the next interest rate adjustment is likely to be pushed back. For assets like $BTC and $ETH , this policy uncertainty itself is a source of volatility.