[Institution: Market Focuses on How the Federal Reserve Balances Inflation and Employment Dual Mandate] Jin10 Data, March 19 – MassMutual Investment Strategy Director Kelly Kowalski stated that the market will closely watch how the Federal Reserve prioritizes between the two ends of its dual mandate—namely controlling inflation and achieving maximum employment. She noted: 'If the Federal Reserve's stance becomes noticeably less accommodative compared to earlier this year and the collaborative phase before this meeting, what kind of resistance might this pose to risk assets?' Nevertheless, she mentioned that the market currently still expects one rate cut this year.