Group 1 - The Federal Reserve announced a reduction in the federal funds rate target range from 4.25%-4.50% to 4.00%-4.25%, marking the first rate cut of the year and initiating a period of loose monetary policy [1] - The decision to cut rates by 25 basis points was in line with market expectations, but subsequent signals from the Fed created volatility in the market [2][5] - Fed Chairman Jerome Powell characterized the rate cut as a "risk management" move, indicating that the labor market is no longer "strong" and that monetary policy needs to adjust towards a "neutral" stance [4] Group 2 - Powell's remarks included a cautious tone regarding future rate movements, emphasizing that there is no preset path for policy and that decisions will depend on upcoming economic data [4] - The market reacted dramatically to the mixed signals from the Fed, initially responding positively to the prospect of three rate cuts this year, but reversing course after Powell's more hawkish comments [5][6] - Chinese assets emerged as significant beneficiaries during this period, with the Nasdaq Golden Dragon China Index rising by 2.85%, indicating that the loose monetary policy has injected liquidity into Chinese assets, making them a stable haven amid market turbulence [7]
美联储“首降”搅动市场 中国资产成亮点
Sou Hu Cai Jing·2025-09-18 02:56