The Federal Reserve's "not-so-hawkish" rate cut has just taken effect, and the market is now focusing on Japan — how dovish will the upcoming rate hike be?

Honestly, besides the data itself, what's more interesting is the timing. The long-standing government shutdown turmoil has finally passed, and now we can once again be tormented by economic data and policy news. To some extent, is this a return to normal?

Whether it's rate cuts or hikes, how this round of policy combination is played will directly determine the flow of funds and market sentiment. The era where data rules has returned.