Odaily Odaily News reports that as the Federal Reserve's two-day meeting begins, investors have already accepted the fact that the Federal Reserve may not cut interest rates this time. But with the stock market at a vulnerable point, they are looking for any signals from Federal Reserve Chairman Powell about the direction of inflation. John Belton, a portfolio manager at Gabelli Funds, said, "Powell's tone on the inflation issue is crucial for Wall Street, as traders need to hear that price pressures are continuing to ease, and there is clearly a potential black swan." Swap contracts show that traders expect the Federal Reserve to pause rate cuts, but they are unsure how long the pause will last. This is why Powell's tone in the press conference after the interest rate decision on Wednesday afternoon local time is worth watching. If he shows any attitude other than cautious and unwilling to commit, it will be out of character, but Wall Street professionals will listen for any wording or tone in his remarks that indicates his thinking. (JinShi)