$BTC The Federal Reserve FOMC meeting's interest rate policy and balance sheet adjustments directly impact the economy: if interest rates are raised to combat inflation, it will suppress consumer credit and investment, but may alleviate price pressures; if a signal of interest rate cuts is released, it could stimulate a stock market rebound and lower corporate financing costs. If the balance sheet reduction process continues, upward pressure on long-term Treasury yields may increase, potentially exacerbating financial market volatility. If forward guidance leans hawkish, a stronger dollar may suppress capital inflows into emerging markets. Current policy needs to seek a balance between controlling inflation and preventing recession; excessive tightening may trigger an economic hard landing, while delayed easing could prolong inflation stickiness, affecting medium- to long-term growth expectations.