According to Odaily, the US Federal Reserve's representative, Daley, has indicated that inflation data is showing signs of cooling, suggesting that the policies are working as expected. Monetary policy requires a longer time to take effect, but it is indeed working, with evidence suggesting that the policy has been tightened sufficiently.

The Federal Reserve has not yet completed its task, but today's personal consumption expenditure data is 'good news'. If inflation remains stable or decreases slowly, interest rates need to maintain a higher level for a longer period. If inflation decreases or there are changes in the labor market, the Federal Reserve can adjust its policy in a timely manner.