At least the President did not call the fed chair a "stiff" and more importantly has left him to do his job, which is a huge confidence boost for the dollar.
@Shyon：The latest rate cut feels like a textbook "dovish move wrapped in a hawkish message." On one hand, the Fed delivered the sixth cut since last year and the third consecutive meeting-based reduction, which clearly signals they're still leaning toward supporting growth. But on the other hand, the Dot Plot is sending a very mixed signal for 2026, with officials scattered across a wide range of expectations. When seven officials see no further cuts in 2026 while others expect up to 150 bps of easing, it tells me the Fed is deeply uncertain about the trajectory of inflation, labor markets, and long-term equilibrium rates. To me, the most important part isn't the extremes—it's the median. The fact that the median 2026 projection still shows just one more 25-bp cut makes the Fed sound more hawkish than the market was pricing. It suggests the central bank wants to keep optionality, avoid over-easing prematurely, and maintain some tightening bias in case inflation proves sticky again. In other words, they cut because they had to, not because they're confident disinflation is fully secured. That said, I don't see this as a negative for markets. Historically, markets rally when cuts happen before recessions, and the Fed is still signaling a soft-landing mindset. The combination of slowing but still positive growth, easing financial conditions, and a central bank that's willing to step in when needed gives risk assets a decent foundation. Rate volatility will remain elevated because of the disagreement inside the Fed, but that's not necessarily a bad thing—markets tend to climb a wall of worry. In my view, the key driver now is whether inflation continues trending lower without major surprises. If inflation stays contained and earnings hold up, asset prices can still grind higher even in a "higher for longer" 2026 scenario. Investors don't need aggressive cuts for markets to perform—they just need stability, visibility, and no hard-landing threat. For now, we still have those conditions. So overall, I'd call this cut mildly supportive for risk assets. It wasn't an outright dovish pivot, but it also wasn't restrictive enough to derail the current momentum. With liquidity still flowing and sentiment improving, I think equities, tech, and cyclicals can continue to rise from here—just with more volatility and more differentiation across sectors than we saw earlier in the year. @Tiger_comments @TigerStars
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