#美联储如期降息25基点

25 basis points rate cut: not a redemption, but a compromise with reality.

The Federal Reserve has finally taken action, cutting interest rates by 25 basis points — this is not a heroic "market rescue operation," but rather a compromise forced by data. Powell has repeatedly emphasized that he is still focused on inflation, but the market has already heard the underlying message: the Federal Reserve can’t hold on any longer.
High interest rates have already weakened the credit market, frozen the real estate sector, and caused debt interest to soar to the ceiling. Corporate financing is struggling, and small banks will need to write a plea for help if they hold on for a few more months. Therefore, the Federal Reserve had to symbolically "ease up" a bit.
But let’s not forget, inflation is still stubborn. A rate cut means money will flow again, asset prices will be pushed up, and the CPI could be awakened by "hot money."
In the short term, the market will cheer; the signal of liquidity resumption is too tempting. However, medium-term risks remain. Powell’s gentleness today may lead to a more painful rate hike tomorrow. A 25 basis point cut seems like a gift, but in reality, it is a warning.