This month's dot plot and interest rate meeting is over, and while this outcome was not what the market expected, the fact that it has happened means that the market has to acknowledge that it has now accepted the expectation that there may only be one rate cut , but that doesn't mean that the next data is meaningless.

As Powell repeatedly stressed, the dot plot is only the Fed officials' personal ideas, does not represent the Fed's final decision, the dot plot or the final number of interest rate cuts is still in accordance with the monthly inflation and non-farm payrolls data to decide.