#美联储FOMC会议 A Waiting Game Without Winners

This meeting reveals that the Federal Reserve is caught in a rift between 'data lag' and 'political immediacy': removing the term 'stagflation' is to appease the market, while the hawkish dot plot reflects real fear. When Powell says 'staying put is the best strategy,' the subtext is that the Fed has lost control over the economic trajectory. If summer inflation data surges as expected, the consensus of two rate cuts in 2025 will instantly collapse, potentially opening the box of rate hikes. History proves that central banks that hesitate in the early stages of stagflation will ultimately be bitten by inflation — will the Federal Reserve repeat this mistake this time?