Today, as long as the wording of the FOMC indicates that the risk of economic recession is greater than the risk of inflation, it can rebound for a while. However, according to previous habits, the probability of text and speech hedging is relatively high, that is, SEP predicts neutral or hawkish, but the chairman's speech is dovish in wording; Or vice versa; This makes it difficult to predict the market trend. If the two content directions are consistent, the certainty in the future will be stronger.