US Treasury Secretary Bessent said he believes the US has the necessary tools.

Fed Chair KEVIN WARSH said today's decision was a serious one.

Since 2026 fixed-income investing has expanded rapidly; bond ETFs—favored for trading flexibility, transparent holdings, low fees and established mechanisms—have become an important allocation tool for institutional and retail investors. Penghua fund managers Ye Chaoming and Zhang Yangcheng say current economic fundamentals and inf trends still offer some support to the bond market and monetary policy is expected to remain moderately accommodative, so interest-rate bonds retain medium- to long-term allocation value. In H2 they will closely track macro data, liquidity and the timing of fiscal and monetary policy, and use sampling-replication and dynamic-optimization strategies to control tracking error, preserve product liquidity and seek higher returns.