#美国宏观经济数据 Seeing the latest statements from the new Federal Reserve voting members, I am reminded of an important principle in investing — sometimes "doing nothing" is the smartest choice.

Hamak advocates keeping interest rates at 3.5%-3.75% at least until spring, with a clear core logic: inflation remains the primary hidden risk, requiring more time to observe the true state of commodity prices and supply chains. This also makes me think that when we do asset allocation, we should have this kind of patience.

Many people tend to rush to adjust their positions during market volatility, but the more frequently you operate, the greater the risk. The Fed's consecutive rate cuts in the first three months did indeed stimulate some optimism, but now the policy has shifted — reminding us to be cautious about the possibility of inflation recurring. If your portfolio has too many sensitive assets, now is a good time to review and adjust your positions.

My suggestion is to do a comprehensive asset check by the end of the year: review whether your holdings in bonds, commodities, and other interest rate-sensitive assets are over-allocated, and ensure sufficient cash reserves. With enough "ammunition" and moderate defensive positions, you won't be at a loss if there are new changes in spring.

Steady investing has never been about making quick money, but about maintaining certainty amid uncertainty.