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The Federal Reserve's adjustment of monetary policy in 2024 is akin to a carefully choreographed drama, filled with suspense and variables.

At the 8th monetary policy meeting, the Federal Reserve lowered interest rates by 25 basis points, bringing the target rate range down to 4.25% to 4.50%.

This decision was not made overnight; reviewing the year's monetary policy meetings reveals the twists and turns involved.

During the meetings in January, March, May, June, and July, the Federal Reserve chose to "stay the course."

During this period, the Federal Reserve may have been closely monitoring changes in economic data, weighing various pros and cons, much like a cautious helmsman maintaining a steady course in complex waters while waiting for clearer signals.

However, by September, the situation underwent a significant change, with the Federal Reserve cutting rates by 50 basis points. This substantial rate cut was like a heavy bombshell, sparking widespread discussion in the economic community.

Subsequent cuts of 25 basis points each in November and December reflected a clear shift in the Federal Reserve's assessment of the economic situation and demonstrated its determination to guide the economy through adjustments in monetary policy.