#美联储货币政策 I recently saw the Beige Book report released by the Federal Reserve, and it does seem that the economic situation is quite complex. On one hand, high-end consumption remains strong, but on the other hand, spending by ordinary consumers is declining. This "K-shaped divergence" is something we should be wary of. As a long-term investor, I believe it’s even more important now to remain calm and rational, focusing on the long-term value and safety of assets. It might be a good time to re-examine your investment portfolio and make appropriate adjustments to prepare for possible economic fluctuations. Remember, prudent asset allocation and long-term investment thinking are the best ways to deal with uncertainty.