The US interest rate cut has failed!
At 2 a.m. on September 19, the Federal Reserve officially cut interest rates by 50 basis points as planned. This is a certainty. This means that the United States has admitted defeat in this round of economic confrontation. In the past three years, the United States has implemented the most aggressive interest rate hike in history and kept interest rates high for more than a year.
However, this did not burst China's financial bubble. Although China's real estate has been affected to some extent, it has not experienced a hard landing and is still in the process of a soft landing. But the United States' own debt problem is already very serious. Many economic indicators show that the economy has begun to decline, so the United States chose to cut interest rates because it could not bear it.
