The recent Federal Reserve FOMC meeting has attracted considerable attention. From the economic data, although U.S. inflation has eased, it remains above the target, the labor market is robust, but consumer spending may slow down, and uncertainty about the economic outlook has increased. The meeting kept the interest rate in the range of 4.25%-4.50% and slowed down the balance sheet reduction. The future direction of policy will depend on changes in economic data; if inflation falls and the economy weakens, further rate cuts may occur; if the economy is stable and inflation fluctuates, the policy may remain unchanged.