#美联储货币政策 Tonight at 21:30, the US November CPI and employment data will be released. This timing is very special because the market is using the data to verify a question: how much room does the Federal Reserve have to cut interest rates?

Powell has already signaled— the labor market is cooling, but inflation remains somewhat stubborn. Goldman Sachs's view is straightforward: the phase of preemptive rate cuts may be coming to an end, and further weakening of the labor market will be needed to support more easing.

What does this mean? The data could trigger market volatility, and the direction will depend on whether these numbers meet expectations. What I want to say is that moments like these are the best tests of our mindset.

Whether the data is bullish or bearish, the core principles remain unchanged: First, don’t let one or two data releases disrupt your long-term plans; second, review your position allocation to ensure that even if there is volatility, it remains within your risk tolerance; third, stay disciplined. The market will fluctuate, but that’s no reason to chase highs or sell lows.

Steady investing has always been about sticking to fundamental analysis and risk management during these critical moments, rather than following emotional swings.