Xiao Fei Finance's main business has started taking orders. The Federal Reserve not only cut interest rates by 25 basis points today but also announced that starting from December 12, it will buy $40 billion in short-term U.S. Treasury bonds each month, expanding the balance sheet and injecting liquidity.

Next year's U.S. economic outlook has been revised upward, and inflation expectations have declined, which seems to be all positive news.

However, the current market reaction is lukewarm, U.S. Treasury yields remain high, global funding costs are still elevated, and coupled with the crazy financing of AI giants and the policy uncertainty brought by 'shadow chairman' Hassett, risk sentiment continues to be suppressed. For more details, watch the video 👀#美联储降息