Recently, senior Federal Reserve officials' statements have attracted market attention. The core message is clear — the Fed needs to balance both inflation and employment simultaneously, and both fronts must be addressed firmly.

The stance is unambiguous: relying solely on lowering interest rates to ease housing cost pressures? Not very realistic. The fundamental issue lies in supply, and the solution is to build more houses to increase market supply — this is the root cure.

The underlying implication is to reassure the market — don’t expect a wave of significant rate cuts. As long as inflation remains a burden, there will be limited room for aggressive interest rate adjustments in the short term. For traders focused on macro liquidity, this means adjusting expectations for the market’s future direction.