美联储降息后怎么投？重磅解读来了！

Core Viewpoint - The Federal Reserve has resumed its rate-cutting cycle, lowering the federal funds rate by 25 basis points to a target range of 4% to 4.25%, with expectations of further cuts by the end of the year [1] Group 1: Future Rate Cuts - Barclays' chief U.S. economist anticipates two more rate cuts of 25 basis points each in October and December [2] - ICBC International expects a total of 75 basis points in rate cuts by the end of the year, citing a shift in focus towards the labor market [2] - HSBC predicts potential rate cuts in December and March, with an increased risk of multiple cuts if labor market data worsens [3] Group 2: Economic Signals - The FOMC's economic projections indicate a lower rate path than previously expected, with three rate cuts anticipated this year [5] - The voting dynamics within the FOMC showed unexpected support for the majority opinion, despite prior dissenting views [5][6] - The Fed's statement reflects a hawkish tone, acknowledging rising inflation while recognizing increased risks in the labor market [6] Group 3: Global Financial Market Impact - Continued rate cuts by the Fed are expected to accelerate global asset repricing, favoring physical assets and precious metals [8] - HSBC emphasizes the importance of diversified asset allocation across regions and sectors to enhance portfolio resilience [8] - The decline in interest rates is projected to alleviate corporate financing pressures and support earnings expectations in the U.S. equity market [9] Group 4: Emerging Markets Impact - The Fed's easing policy is anticipated to provide more operational space for the People's Bank of China to support economic growth and stabilize the yuan [10] - HSBC maintains a positive outlook on emerging market equities, particularly in Asia, due to favorable conditions stemming from a weaker dollar [10] - The expectation of a weaker dollar may lead to accelerated capital flows into emerging markets, benefiting countries with manufacturing and resource exports [10][11] Group 5: Gold Market Outlook - Despite a negative short-term reaction in gold and silver markets post-Fed meeting, the long-term outlook remains positive due to expected lower U.S. rates and a weaker dollar [12] - HSBC continues to favor gold as a hedge against global policy and economic uncertainties, advocating for a broader asset allocation strategy [13] - The backdrop of declining interest rates and rising risk premiums is expected to provide support for gold prices [13]