The Federal Reserve officially announced a 50 basis point rate cut. Perhaps the first thing that comes to mind is whether this will affect the monthly salary of 3,000 yuan? In the short term, it seems that there is no change, but in the long run, it has an indirect effect. This interest rate hike lasted for 916 days, madly harvesting the capital that could not withstand the storm, making the world's economy mired in the quagmire. Last night, this long journey of interest rate hikes finally came to an end.
Family members may wonder, what is the relationship between interest rate hikes and interest rate cuts? The most straightforward example is the interest earned from depositing money in a bank. For example, if you deposit 100 yuan in our bank, you can get 1 yuan in interest, while if you deposit it in a US bank, you can get 6 yuan in interest. Don't underestimate this seemingly small difference. For rich people, the impact is quite huge. This is simply a sure-win business. You can get such high returns just by depositing money, and you can really make money without losing money.
However, this will lead to a series of problems. When rich people or bosses deposit their money in banks, they may no longer invest in other financial industries, real estate, or start companies or factories. In this way, does it directly affect your 3,000 yuan per month job? The unemployment rate has risen and there are fewer job opportunities. This is the most direct consequence of the Fed's interest rate hike. This round of interest rate hikes has lasted for nearly three years, and one of its main purposes is to try to influence us.
You know, when they blew up the Soviet Union, they raised interest rates to 10%, but now, after 916 days, the highest rate has only been raised to 5.5%, and they themselves can't bear it first. Obviously, we have not been affected too much, and their strategic goals have not been achieved at all. According to the National Bureau of Statistics, in the first half of 2024, my country's trade surplus reached 435 billion US dollars, and my country's import and export scale reached 21 trillion yuan, both of which set historical highs.
With the Federal Reserve's announcement of a 50 basis point rate cut last night, this rate cut far exceeded people's expectations, which also means that in this round of confrontation, the Americans have already admitted defeat. Regarding the Federal Reserve's direct 50 basis point cut this time, Trump also responded immediately. He said that such a large rate cut shows that the domestic economic situation is quite bad, or they are playing political tricks. It can only be said that Trump's plan has completely failed. He promised that the Democratic Party has helped him realize what he has not yet completed. Some family members may ask, isn't the American very powerful? Why don't they continue to raise interest rates, but instead reduce them so much?
Trump also told the truth. The economic situation is indeed quite bad. If the interest rate continues to rise, it will not bring down others, but will bring down themselves. Therefore, the interest rate cut is in line with the overall expectations of the old United States. In the short term, the overall economy may get a certain breathing space, but in the medium and long term, it depends on the flow of capital. Anyway, our country has always maintained an open attitude towards foreign investment and welcomes capital to come to China or flow to other parts of the world. After all, we advocate a community with a shared future for mankind and have factory cooperation all over the world.
Through the Fed's massive interest rate cut, the interest rate gap between China and the United States has narrowed relatively. Without the temptation of high interest rates, many companies engaged in export and international trade have no reason to keep their funds in the United States. Including some wealthy people in our country, they will also bring their money back to invest in business. There will definitely be a large amount of capital fleeing the United States, which is an objective fact.
