#区块链[超话]# Morning Express:

1. Stock market: The three major U.S. stock indexes closed down collectively on Wednesday. The Dow Jones Industrial Average closed down 0.24% at 41,503.10 points on Wednesday, the S&P 500 closed down 0.29% at 5,618.26 points, and the Nasdaq Composite Index closed down 0.28% at 17,573.30 points. The three major A-share indexes bottomed out and rebounded. The Shanghai Composite Index closed up 0.49% at 2,717.28 points, the Shenzhen Component Index closed up 0.11% at 7,992.25 points, and the ChiNext Index closed down 0.11% at 1,533.47 points.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 62.2%, and the probability of a 50 basis point cut is 37.8%. The probability of a cumulative 50 basis point rate cut by December is 36.6%, the probability of a cumulative 75 basis point rate cut is 47.8%; the probability of a cumulative 100 basis point rate cut is 15.6%.

Middle East situation: Following the pager explosion, walkie-talkies used by Hezbollah in Lebanon exploded in many places, killing 20 and injuring more than 450; Iran said it would investigate the attack on its ambassador to Lebanon. Hezbollah in Lebanon claimed to have attacked an Israeli military post, the first cross-border attack since the pager explosion. The United Nations General Assembly passed a resolution requiring Israel to end its "illegal presence in the occupied Palestinian territories" within 12 months.

Fed's September interest rate meeting: The interest rate cut cycle started with a 50 basis point range, and the dot plot showed that the interest rate will be cut by another 50BP this year and another 100BP next year. Fed Governor Bowman voted in favor of a 25BP rate cut.

Fed Chairman Powell: The rate cut can be fast, slow or suspended depending on the situation. The employment and inflation risks are balanced. There is no sign in the economy that the possibility of recession is increasing. No victory in the fight against inflation has been declared. #token2049 #美联储宣布降息50个基点