[Bank of New York Mellon: The Urgency for Further Tightening by the Federal Reserve Has Decreased] BlockBeats News, July 6, Senior Macro Strategist Jeff at Bank of New York Mellon pointed out that weaker U.S. labor market data and improved inflation figures have reduced the urgency for further tightening by the Federal Reserve. However, this does not resolve the question of whether the slowdown in growth is within a controllable range or whether policy expectations have been overly adjusted. He stated: 'The global narrative is becoming less unified.' In the United States, the issue lies in whether the Federal Reserve can remain patient without the risk of inflation re-emerging; while in Europe, the focus of discussion is shifting from emergency inflation management to topics such as economic growth, fiscal credibility, and defense financing.