UltimaMarkets：关税迷雾叠加美联储政策路径不明，投资者只好寻求安全资产

Group 1 - Investors are facing uncertainty regarding the economic impact of President Trump's tariff policies, which complicates the path of monetary policy [1] - The Federal Reserve has maintained interest rates and indicated that the risks of rising inflation and unemployment are increasing, leading to an unclear monetary policy response [3] - Investors are becoming more cautious, focusing on inflation-resistant assets and stocks of companies likely to withstand economic downturns due to the uncertain trade environment [3][6] Group 2 - Market expectations remain similar post-Federal Reserve meeting, with futures indicating three 25 basis point rate cuts by December, with the next likely in July [4] - There is a belief that economic growth shocks will outweigh the impact of rising inflation, prompting expectations for further monetary easing [4][5] - Financial advisors are rebalancing portfolios to reduce risk, anticipating that the Fed's lack of precise responses will continue [6]