Powell's "Last Dance" at the Rate Hike Meeting

This will be Powell's final Federal Reserve interest rate meeting before stepping down. Everyone understands that the signals he will likely send are very vague. In other words, some people will listen and feel like they haven't heard anything.
First, he will clearly announce that the current interest rate will remain unchanged, neither raising nor cutting rates. He will straightforwardly tell the market to hold steady for now, not to hastily adjust monetary policy, and to maintain stable expectations.
Second, on inflation, he will emphasize that there is currently upward pressure on inflation. He will mention that the Middle East situation is pushing up oil prices, energy price increases are driving up food prices, and inflation risks have not been fully eliminated. He will explicitly state that conditions for a rate cut are not yet met and that there will be no easy easing to stimulate the market.
Furthermore, on the economy and employment, he will first affirm that the overall U.S. economy and employment are stable, with no signs of recession. This means the economy can withstand current conditions, and there is no need to cut rates to support it, nor is there a rush to loosen policy.
Then, regarding future policy, he will not provide a specific timetable for rate cuts, maintaining a cautious and ambiguous stance. He will emphasize that future decisions depend entirely on inflation, oil prices, and employment data, leaving open the possibility of further rate hikes or maintaining current rates. Overall, his tone will be conservative and somewhat hawkish.
Finally, he will quietly finish his term without making political statements, ensuring a smooth transition of power. At the same time, he will reassure global financial markets, implying that the Fed's primary goal remains controlling inflation and that external factors will not sway its decisions, avoiding sharp fluctuations in stocks, cryptocurrencies, and commodities.
Overall, Powell's entire statement will be cautious and conservative, not releasing any dovish signals. The core message is to keep rates steady, stay alert to inflation, and observe the future market conditions, leaving a stable policy environment for his successor. In plain language, it feels like you understand a little after listening, but upon careful calculation, it seems like you haven't learned anything. Comrades, what do you think—can you draw any insights from this? #鲍威尔