Deep Tide TechFlow News, on May 9, according to Jin Ten Data reports, Sweden's Nordea Bank pointed out that as risks rise, the Federal Reserve is waiting for more clarity. Trade policies and economic outlooks are viewed as extremely uncertain, and the Fed hopes to wait for clearer outcomes. The market interpreted this information as slightly hawkish, further reducing the likelihood of an interest rate cut at the June meeting. We agree with this market shift but expect the Fed will ultimately focus on supporting economic growth and overlook the temporary rise in inflation. If long-term inflation expectations remain within controllable ranges and align with inflation targets, the Fed should be able to disregard the temporary inflation shocks caused by tariffs. Another possibility is that the short-term impact of tariff uncertainty on the economy will exceed current expectations. But for now, the Fed believes this move has limited effects on the economy, and there are signs of some progress in trade negotiations. Inflation remains above target, and due to tariffs, it is expected to start rising again.