🔶 It's down! The Federal Reserve is about to usher in the first interest rate cut in 4 years!
On the 18th, local time in the United States, the Federal Reserve ended a two-day monetary policy meeting and announced that the interest rate range was lowered to 4.75% to 5%, a decrease of 50 basis points.
👉 In fact, there have been very few times in history when interest rates have been cut by 50 basis points, and they have only occurred during major economic crises:
1️⃣ The bursting of the Internet bubble in 2001
2️⃣ The subprime mortgage crisis in 2008
3️⃣ The outbreak of the new crown epidemic in 2020
Although Lao Bao said proudly that he was not in a hurry to cut interest rates and warned not to regard large-scale interest rate cuts as the regular rhythm of the future, the major US stock indexes subsequently turned from rising to falling.
But no matter what, it is very likely that this round of interest rate hikes for the US dollar has ended, so are good days coming next🥹?
