欧洲用降息反击美国，美联储还是按兵不动，进一步冲击美元霸权

Group 1: Economic Conditions in Europe - The European Central Bank (ECB) has lowered the deposit rate by 25 basis points to 2.0%, marking the eighth rate cut since June of the previous year, indicating that the rate cut cycle is nearing its end [1] - The Eurozone's GDP is projected to grow by 0.9% this year, with a stable job market and slight increases in household income supporting consumer spending [1] - The Eurozone's inflation rate fell to 1.9% in May, the first time it has dipped below the 2% target in 2025, with core inflation decreasing from 2.7% to 2.3% [1] Group 2: U.S. Economic Challenges - The Federal Reserve is facing significant challenges, with the dollar's share of global foreign exchange reserves dropping to 58%, the lowest since 1994, while the euro holds steady at 20% [4] - The U.S. has maintained interest rates between 4.25% and 4.5% despite rising inflation expectations at 2.8% and increasing recession risks, leading to a decline in consumer confidence to a five-year low [4] - The dollar index has fallen to 99.24, reflecting a broader trend of "de-dollarization" as countries increasingly prefer to settle transactions in their own currencies [4] Group 3: U.S. National Debt Concerns - The U.S. federal government debt has surpassed $36 trillion, equating to approximately $10.8 thousand per citizen, with the debt-to-GDP ratio rising from 98% in 2024 to 102% in 2025, and projected to reach 150% by 2028 [7] - The rapid growth of U.S. debt outpaces economic growth, indicating a reliance on borrowing rather than productivity to sustain fiscal operations [7] - The "Big and Beautiful" Act is expected to add $3.3 trillion in new debt over the next decade, with a projected deficit of $1.7 trillion for 2025, raising concerns about fiscal sustainability [9]