Since 1984, the United States has experienced 6 rounds of interest rate cuts:
1. The first round (September 1984 - August 1986): It lasted 23 months, with 26 interest rate cuts and a rate cut of 562.5 basis points. At that time, the inflation rate fell below 4%, the PMI fell, and the Federal Reserve boosted the economy by cutting interest rates.
2. The second round (June 1989 - September 1992): It lasted 38 months, with 24 interest rate cuts and a rate cut of 681.25 basis points. During this period, rising oil prices and the first Gulf War seriously affected the US economy and led to an economic recession.
3. The third round (July 1995 - November 1998): It lasted 40 months, with 7 interest rate cuts and a rate cut of 125 basis points. The Asian financial crisis broke out in 1997, which had a certain impact on the US economy. The Federal Reserve took interest rate cuts to respond.
4. The fourth round (January 2001 - June 2003): It lasted 29 months, with 13 interest rate cuts and a rate cut of 550 basis points. At that time, the Internet bubble burst and the US economy went into recession.
5. The fifth round (September 2007 - December 2008): It lasted 14 months, with 10 interest rate cuts and a rate cut of 500 basis points. The US subprime mortgage crisis triggered a global financial crisis, and the Federal Reserve eased economic pressure by cutting interest rates.
6. The sixth round (August 2019 - March 2020): It lasted 7 months, with 5 interest rate cuts and a rate cut of 225 basis points. Affected by the outbreak of the new crown epidemic, the global economy was hit, and the Federal Reserve urgently announced a rate cut.
