According to Jinshi Data, Canadian Imperial Bank of Commerce (CIBC) economist Ali Jaffery said that Fed Chairman Powell's upcoming press conference may only provide vague forward guidance. The Fed has reason to be cautious because the economy's demand for more rate cuts is not obvious. Fed officials are divided on the neutral interest rate stance, and the dot plot of long-term interest rate forecasts is widely distributed. In addition, the attitude towards the policies of the new administration should also be cautious.