#美联储FOMC会议 The Federal Reserve FOMC meeting's approval of interest rate policy and balance sheet adjustments has a direct impact on the economy: if interest rates are raised to combat inflation, it will suppress consumer credit and investment, but may relieve price pressures; if a signal to lower interest rates is released, it may stimulate a stock market rebound and reduce corporate financing costs. If the balance sheet reduction process continues, the upward pressure on long-term Treasury yields may increase, potentially exacerbating volatility in financial markets. 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 may prolong inflation stickiness and affect medium to long-term growth expectations.