The Federal Reserve cuts interest rates!!! The market generally expects the Federal Reserve to cut rates by 25 basis points on Thursday, but the key point lies in Powell's speech afterwards. His remarks - whether to hint at a pause in rate cuts or to leave room for maneuver - will be interpreted by the market word for word, directly affecting subsequent trends. Recent weak employment and inflation data have solidified expectations for rate cuts, but the divergence in economic data and external uncertainties (such as fiscal pressures, government shutdowns, etc.) have increased the difficulty of policy assessment. If Powell signals a dovish stance, risk assets may continue to rise; the most extreme 'black swan' scenario would be failing to cut rates as expected, at which point the market would face severe volatility. #美联储重启降息步伐