#美联储政策 Seeing Fed Chair Powell's latest remarks, I am reminded of a common question among investor friends in recent months.

The rising expectation of rate cuts is good news, but this official's comments actually reveal an important signal—while he is optimistic, he also expresses concerns about "rapid easing." What does this mean? The market won't be smooth sailing as some might think.

The shadow of inflation still lingers, and although the labor market has cooled, prices remain a hard constraint. My experience is that during periods of policy uncertainty like this, the most dangerous approach is to go all in on a single direction. I've seen too many people heavily bet on "significant rate cuts next year," only to be caught off guard when policy directions change.

Instead of guessing how many times the Fed will cut rates, it's better to focus on what you can control. Check whether your portfolio is too concentrated. Have you reserved enough safety margins for possible volatility? In the long run, a prudent asset allocation and patience are more decisive for final returns than short-term policy predictions.

Market opportunities will always exist, but capital safety should always come first.