【Analyst: The Fed's Hawkish Turn is Dangerous for the Economy】Golden Finance reports that last week, the Federal Reserve's tone became more hawkish. It expects the inflation rate in 2025 to be higher than previously estimated and has reduced the number of expected rate cuts for next year. Neil Dutta, an analyst at Renaissance Macro, wrote that in an environment where the economy seems to be slowing down, the Fed may find itself in a difficult position and could return to a more dovish stance. He doubts that expectations regarding the Trump administration's policies—Powell acknowledged that some Fed officials have now taken them into account—will lead to changes in next year's forecasts. The Fed 'seems to be taking precautions against potential tariff shocks by slowing the pace of rate cuts.' Dutta wrote, 'Given that the underlying momentum of the economy appears to have weakened, this approach is very dangerous.'