The Fed has gone too far this time.

​1. As soon as it announced that it would not cut interest rates, the US dollar index soared like a rocket, while the RMB fell in response. This wave of exchange rate fluctuations has hurt our foreign trade companies.

2. The Fed's decision not only affected the exchange rate market, but also made global stock markets feel the chill. Investors have adjusted their strategies, risk aversion has increased, and volatility in the global capital market has increased.

3. The decision not to cut interest rates means that the cost of borrowing in the United States remains high, which is undoubtedly a heavy blow to companies that rely on low-cost funds. The increase in debt pressure and financing costs may inhibit corporate expansion.

4. The dollar has strengthened and import costs have risen. Chinese consumers may have to pay more for goods imported from the United States. The increase in living costs has undoubtedly brought additional burdens to residents.

5. This move by the Fed has also intensified the pressure on currency depreciation in emerging market countries, increased the risk of capital outflows, and faced new tests for global financial stability.

6. In today's global economic integration, the Fed's policy direction has a far-reaching impact. Our policymakers need to pay close attention and take timely measures to ensure the smooth operation of our economy.