The Fed's dovish rhetoric: Employment is cooling, inflation is stable, and interest rate cuts are on the way!\n\nNew York Fed President Williams (the "third-in-command" of the Fed) stated on December 15: The risk of a slowdown in U.S. employment has clearly increased, but upward pressure on inflation has significantly eased, which is a strong signal supporting further rate cuts! Last week, the Fed just cut rates by 25 basis points to 3.50%-3.75%. Williams emphasized that monetary policy is now "in a good place," leaving room to address uncertainties in 2026.\n\nHe candidly stated: Buying "insurance" for the labor market, gradual easing is the right path. But don't celebrate too soon— the dot plot shows only one rate cut left in 2026 (and possibly even fewer), with three dissenting votes within!\n\nThe hawk-dove battle is escalating, and Powell said, "We can wait and see for now." Employment data continues to be weak, inflation is high but without second-order effects, and tariff impacts have not yet spiraled out of control... The Fed is walking a tightrope: balancing between preventing unemployment and guarding against inflation rebound.\n\nWill there be significant monetary easing again in 2026?\n\n#美联储何时降息？ #降息期待 #美国经济 #宏观