Recently, the focus of the financial markets has been on the upcoming Federal Reserve's interest rate meeting. Although it is generally expected that this meeting will not immediately initiate a rate cut, insider information indicates that the Federal Reserve's decision-making body is considering the possibility of a rate cut. This inclination seems to have become more apparent, especially after the face-to-face communication between Trump and Powell.

However, the Fed seems to be waiting for a key signal, which is the economic data to be released this week. Considering that preparations for interest rate cuts are already underway, these data are likely to support the decision for rate cuts, and it could even be said that the trend of the data may be paving the way for the demand for rate cuts.

After the meeting, Powell's public statements will become the focus of market attention. Powell is currently facing a complex situation: on one hand, he needs to deal with the ongoing pressure from Trump's camp, and on the other hand, he also has to confront internal colleagues such as Waller and Bowman who are eyeing the position of Fed Chairman.

It is worth noting that if someone replaces Powell as the Fed chair during Trump's term, the market will inevitably question the "independence" of the Fed.

In fact, the Fed may have never truly achieved absolute independence. The so-called "neutral objectivity" actually depends on the perspectives of different positions. Is it considered independent if it leans towards the financial capital behind the Democratic Party, or is it deemed neutral if it aligns with the domestic industrial capital represented by the Republican Party? Behind this is essentially a struggle for the distribution of interests and discourse power.

For ordinary investors, what is more important is to consider: if the Fed indeed adopts an accommodative policy, can the released liquidity be converted into actual returns through their chosen investment channels? In this complex economic game, investors need to remain clear-headed and carefully assess the impact of policy changes on their own investment strategies.