The Federal Reserve will meet on November 7th to November 8th. Christian Scherrmann, Chief Economist of DWS USA, stated that recent data shows the US economy is still growing strongly, but there are no signs of overheating. However, the economic outlook is still uncertain, especially in terms of inflation, so a cautious attitude is maintained, with a prediction of a 0.25% interest rate cut by the Federal Reserve. As the results of the elections in various states in the US are being announced, Scherrmann believes that the political landscape is also uncertain, and it may still be difficult to determine the final results of the presidential and congressional elections two days after. The future direction of fiscal and trade policies will be crucial for the Federal Reserve in formulating monetary policy. Stimulating demand while the Federal Reserve is focusing on controlling inflation could have a reverse effect. He mentioned that the softness in the US labor market may be due to data quality and volatility. Although inflation pressure has eased somewhat, it still remains a risk factor that cannot be ignored. Expectations for interest rate cuts are still sensitive to demand. For example, demand for interest rate-sensitive durable goods has significantly increased in anticipation of rate cuts, indicating that consumer confidence may have improved. He stated that in the face of various uncertainties, Federal Reserve officials will continue to rely on data to achieve a soft landing for the economy. It is expected that the core message of the press conference will still emphasize that policy depends on economic data, but the wording may lean slightly hawkish. The current policy rate is still far above the neutral level, indicating that the Federal Reserve still has some room for adjustment in the November and December meetings. As for the December meeting, he admitted that deciding whether to cut interest rates again or stay put will be a challenging issue.