Recent statements by Federal Reserve officials have attracted attention. According to the latest data, the number of new jobs added by U.S. companies last month was only 50,000, indicating a clear lack of hiring momentum. Although the unemployment rate slightly declined to 4.4%, job growth is far from robust. The official believes that while the labor market is still trying to expand, supply-side pressures persist. More concerning is that the unemployment rate may face upward pressure, and the issue of high inflation remains unresolved. These factors combined suggest limited room for monetary policy adjustments, and their impact on risk assets should not be underestimated. Investors need to closely monitor upcoming employment data and central bank movements.