[Economist: Fed Rate Hikes Aim to Appease Wall Street Rather Than Control Inflation] Deep Tide TechFlow reports, on September 13, according to CoinDesk, Wellington-Altus Chief Market Strategist James Thorne stated that the Federal Reserve's upcoming policy tightening will primarily aim to please Wall Street rather than regulate inflation. Thorne pointed out that the current inflation outlook has not undergone significant changes, with year-over-year wage growth slowing to 3.1%. There is no confirmed wage-price spiral or secondary inflation, nor evidence that energy shocks are being integrated into the economy. He emphasized that rate hikes cannot produce oil, expand refining capacity, or fix disrupted supply chains; instead, they will reduce demand and household purchasing power. If the Fed raises rates merely to validate Wall Street futures market expectations, its previous commitment to eliminating forward guidance will lose its significance.