This week, the Federal Reserve FOMC meeting minutes were released, with the committee voting 9 to 3 to cut the benchmark interest rate by 25 basis points. The current U.S. inflation rate remains at 2.8%, and officials are divided on the outlook for the labor market, with most supporting continued easing. The Fed forecasts that inflation will gradually return to the 2% target by 2028.

From a market perspective, the minutes reflect a cautious attitude within the Federal Reserve regarding the economic outlook. Downside risks to employment have become a key factor influencing policy tilt, indicating that there is still room for further rate cuts. For investors tracking the dollar trend and interest rate environment, such policy signals directly impact the asset allocation logic for risk assets.

Additionally, the global commodities market is also adjusting. OPEC+ announced it will continue to delay oil production increases, which is especially significant amid tense geopolitical situations—tensions in Yemen have escalated, with a Saudi-led coalition conducting military operations in the port of Mukalla, further increasing uncertainty in energy prices.

On the domestic policy front, the 2026 "Two New" policy optimization implementation plan has been released, and the rural contracted land pilot will be systematically rolled out across the province. These structural reforms support long-term economic stability. Combining these signals, the macro environment is at a crossroads of policy adjustments and risk reassessment.