Golden Finance reported that according to foreign media analysis, one of the main points of Federal Reserve Chairman Powell's speech at Jackson Hole in August was that the Fed's response is no longer focused solely on inflation, given the significant progress on inflation. There are clear signs that employment has become a more important factor in determining policy. Since then, employment data has triggered greater cross-asset volatility in recent months. However, with Trump's decisive victory and, more importantly, the Republican Party's potential victory, the market's sensitivity to inflation data may rise again. The prospect of protectionist policies through trade tariffs and expansionary fiscal policies may complicate the anti-inflation process. The market has re-priced a higher Fed terminal rate, raising it from 3.6% to 3.75%.