According to the latest Federal Reserve meeting minutes, several key signals are worth noting. First, the members' assessment of the current economic conditions remains quite consistent—while the pace of expansion is stable, it is not rapid, indicating a moderate growth rhythm. This year's employment data shows a clear slowdown, especially in September, when the unemployment rate actually increased, which is a noteworthy signal. Inflation is more complex; it has been trending upward since the beginning of the year and remains at a relatively high level, with no clear signs of retreat. The members are particularly sensitive to these phenomena, especially regarding employment, where they explicitly mentioned increasing downside risks. Considering that the Federal Reserve aims to balance its dual objectives of maintaining employment and controlling inflation, these risk signals indeed warrant close attention from market participants.