Before the Fed meeting, the market almost unanimously bet on a rate cut, and there is still a lot of controversy as to whether the rate cut will be 25 or 50 basis points. The last set of data released before the meeting was the August retail data: a month-on-month decrease of 0.2%, an actual increase of 0.1%. The growth of retail sales shows that US consumption is still strong, which echoes the previous consumer information index and corroborates each other, providing positive support for economic growth in the third quarter, adding to the soft landing of the US economy. If the US growth in the third quarter maintains the strong momentum of the second quarter, then it is self-evident whether the Fed will cut interest rates! Doing so is contrary to the current soundness of the US economic fundamentals.

We cannot control the results, so we have to wait quietly and be prepared to respond.