The Federal Reserve is trying to "fight the ghosts"

The Federal Reserve is trying to deal with the follow-up effects of massive fiscal stimulus, making it difficult to accurately assess the economic situation. The market is concerned that the US economy may fall into a recession, with investors increasingly worried that the Fed's rate cuts are too slow. Smith believes that the US may fall into a recession, mainly due to asset value losses caused by the stock market decline. He believes that the Fed will continue to face challenges due to inflation pressures brought by the election cycle and the prospect of larger conflicts in the Middle East. Whether Harris or Trump is elected, the next president will take measures to support the economy or implement specific political agendas. Stock index futures are falling, with the market predicting a higher likelihood of rate cuts