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(image generated by doubao ai prompt: us dollar burning)

as expected by the market, at 02:00 am on september 19th, beijing time, the federal reserve announced a sharp interest rate cut of 50 basis points, which opened a loose cycle.fed cuts rates for first time in four years, and hinted that it would fall by another 50 basis points this year.

what excited the market was that the federal reserve cut interest rates by an extraordinary amount at the very beginning, and further emphasized the employment goal among the dual goals in its resolution statement, reflecting its determination to curb the sharp slowdown in the labor market.

the new federal reserve news agency said:the decline was larger than most analysts expected a few days ago, and the fed has entered a new stage of fighting inflation., to prevent previous interest rate hikes from weakening the labor market.

former us president trump commented that the fed's 50 basis point rate cut showed that "if they are not just playing politics, the economic situation is very bad to cut so much." "this is a big rate cut," trump added.

as the dot plot showing the interest rate expectations of the fed members is super dovish,market expectations for the fed's interest rate in 2024 have fallen sharply, and expectations for 2025 have also fallen.powell then "controlled expectations" at the press conference.