降息还钱荒！美联储陷两难，借贷成本飙升，全球资本撤离美国市场

Group 1 - The current financial situation in the U.S. is unstable, with rising borrowing costs despite the Federal Reserve's interest rate cuts, causing concern among institutions and investors [1][3] - The Federal Reserve's intention to ease borrowing through rate cuts has backfired, leading to a spike in short-term lending rates, which was unexpected even for the Fed [3][5] - The U.S. government’s increasing debt, now exceeding $38 trillion, is creating a cash crunch in the financial system as the Treasury issues new bonds while the Fed tightens liquidity [5][9] Group 2 - There is a growing hesitance among financial institutions to take risks or lend money, with fewer entities willing to engage in borrowing compared to previous years, indicating a more severe pressure than in 2019 [5][11] - The Federal Reserve is experiencing internal disagreements on whether to intervene in the market, leading to market sensitivity and a lack of confidence despite announcements of rate cuts [7][13] - The outflow of foreign investment from the U.S. to regions like China and Europe is diminishing the domestic funding pool, reducing the U.S.'s influence in the global market [9][11] Group 3 - The ongoing cash shortage is impacting not only the U.S. financial sector but also has global repercussions, affecting trade dynamics in Europe and increasing risks for emerging markets [11][15] - The potential for the Federal Reserve to either inject liquidity or maintain its current stance poses a dilemma that could have significant implications for both the U.S. economy and global financial markets [13][15]