#通货膨胀 Powell's speech this time was extremely informative, with inflation risks leaning upward, and only one rate cut expected next year — what does this mean? The monetary easing cycle is coming to an end.

I have re-evaluated several copy-trading accounts I manage. Rising inflation expectations directly impact commodities and the US dollar, which will lead to a clear divergence in performance among traders with different styles. The aggressive traders may need to adjust their position sizes, while conservative traders can continue to operate stably. The market anxiety was evident from yesterday's BTC plunge — the dot plot confirming the end of the rate cut cycle indicates that risk assets will be under pressure.

At this point, I am reallocating my positions. There is no risk-free path in policy, and Powell's words are quite sobering, meaning that no matter what choices are made, there are costs. I have reduced my copy-trading proportion for traders who rely on a loose monetary environment, and instead increased positions for experts with strong risk management awareness who are good at adjusting strategies during policy shifts. Labor market data has become a key variable; those who can interpret the underlying policy trends behind these data points in advance will gain an edge.

Experience has shown me that policy turning points are the most testing times for copy-trading choices. The environment next year will be complex, but it is precisely this complexity that will filter out true trading experts.