Morning News Summary:

1. As Trump is about to take office, the European economy may face more severe challenges. According to investment banks' forecasts, this could deepen the difficulties of the European economy and lower expectations for the euro.

2. Despite Trump's victory causing some market fluctuations, the Federal Reserve still proceeded with its planned interest rate cuts, seemingly "ignoring" Trump's win. This move led to the dollar giving back its gains after the election, marking the largest decline since August.

3. Against the backdrop of Trump's impending inauguration, the market holds a pessimistic view on oil prices. The crude oil market has entered a downward trajectory, which may have certain effects on the global economy.

4. In the recent monetary policy meeting, the Federal Reserve decided to lower the target range for the federal funds rate by 25 basis points to 4.50%-4.75%. At the same time, the pace of balance sheet reduction remains unchanged. This decision indicates that the Federal Reserve's stance has slightly shifted towards a more hawkish position.

Overall, the global economic situation remains complex and changeable, requiring close attention to the economic policies and market dynamics of various countries.