#美联储联邦公开市场委员会决议 Careful review of recent monetary policy statements shows an interesting pattern—the expectations for the January meeting were almost never mentioned. Instead, market focus was entirely on unemployment data and inflation trends, along with the uncertainties of tariff policies. These three variables are currently all oscillating at high levels. From the perspective of price-volume relationship, there are indeed some conflicting signals flashing. Rather than blindly chasing gains, it’s better to adopt a wait-and-see approach. The key date is the 16th, the day the unemployment rate data is released—then we will see whether the market is genuinely falling or just pretending. Once the data confirms a correction signal, it will be a more solid window for long positions.