The Federal Reserve's signal of a rate cut in 2026 just sparked ripples in the market, only to be followed by a "persona collapse."

Federal Reserve Board member Milan first provided a clear figure—about 150 basis points of rate cut room, which should have been a reassuring sign for global investors. But then he immediately said, "I have no idea about my future at the Federal Reserve," directly absolving himself of responsibility for his statement.

This move is truly surreal. One sentence still affects global capital markets, and the next immediately negates it. Is the 150 basis points a collective consensus of the Federal Reserve, or just a casual remark by an individual? No one can say for sure.

The key point is that any statement from Federal Reserve officials is significant. One comment can influence the dollar's trend, and a single remark can change capital flows. Milan's "stir up the market first, then clarify" approach has once again muddied the already vague outlook for monetary policy. The market has been waiting for a clear signal, but now it’s even more uncertain due to these inconsistent statements.

What’s behind this? Is it genuine policy indecision, or a signal of some power struggle? No one can be certain now. The market can only navigate through this fog, and such uncertainty is often more unsettling than bad news with a clear message.