Core Viewpoint - The Federal Reserve's current policy stance is cautious rather than dovish, effectively curbing market expectations for aggressive easing in the near term [1] Group 1: Federal Reserve Policy - Officials have hinted at the possibility of two rate cuts by the end of the year, but have also signaled that policy space will be extremely limited thereafter [1] - The Fed is attempting to balance controlling inflation while avoiding excessive weakness in the labor market, indicating a "wait-and-see" strategy that provides the dollar with relative interest rate advantages and safe-haven appeal in a volatile environment [1] Group 2: Market Reactions - The dollar index was reported at 97.32, with a slight increase of 0.01% from an opening price of 97.31 [1] - Short-term resistance for the dollar index is identified at 97.50-97.55, with significant resistance at 97.65-97.70, while support levels are at 97.15-97.20 and important support at 96.95-97.00 [1]