The Fed’s interest rate decision was made at night. Afeng will summarize it here.
First, what are we most concerned about this interest rate cut? This decision decided to cut by 50 points.
1. Confidence in inflation has increased, and the risks faced by the in-place and inflation targets are in a balanced state.
2. This interest rate cut was passed with an 11-1 vote ratio.
3. Economic activity has expanded steadily, employment growth has slowed, and the unemployment rate has risen but is still low.
4. The first 50-point interest rate cut marks a bold start to the interest rate cut cycle, which means that the bull market will start to rise directly later.
5. The Fed is expected to cut interest rates by 50 points this year, which means that it will cut by 100 points in 2024.
It will get better and better later, and focus on the US election in November.
