Core Viewpoint - The Federal Reserve announced a 25 basis point cut in the federal funds rate, bringing it to a target range of 4.00% to 4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [2][10]. Market Reactions - Following the announcement, international gold prices dropped over 0.8%, with COMEX gold futures closing at $3694.6 per ounce, down 0.82% [3]. - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average rising by 260.42 points (0.57%) to 46018.32, while the Nasdaq fell by 0.33% to 22261.33 [6]. - The Nasdaq Golden Dragon China Index increased by 2.8%, with notable gains in Chinese tech stocks such as Baidu, which rose over 11% [7]. Economic Insights - The Fed's decision reflects a desire to manage economic risks, with Chairman Powell indicating that the current economic landscape is markedly different due to a cooling labor market [10]. - The Fed's updated dot plot suggests two more rate cuts of 25 basis points each this year and an additional cut next year [10]. - Analysts view the Fed's stance as dovish, indicating a cautious approach to monetary policy amid signs of labor market weakness and rising inflation expectations [11].
金价、油价，大反转！
Sou Hu Cai Jing·2025-09-18 12:06