12月11日收盘：标普500指数逼近历史纪录 市场押注美联储明年将有更多宽松政策

Core Viewpoint - The U.S. stock market experienced significant gains following the Federal Reserve's decision to lower interest rates for the third time this year, with expectations for further easing in the coming year. Group 1: Market Reaction - The Dow Jones Industrial Average rose by 497.46 points, an increase of 1.05%, closing at 48,057.75 points; the Nasdaq gained 77.67 points, up 0.33%, closing at 23,654.16 points; the S&P 500 increased by 46.22 points, a rise of 0.68%, closing at 6,886.73 points [1] - The Federal Reserve approved a 0.25 percentage point rate cut, bringing the federal funds rate to a range of 3.50% to 3.75% [1] - The Fed's announcement of purchasing Treasury securities starting December 12, with a plan to buy $40 billion over the next 30 days, contributed to the positive market sentiment [1][2] Group 2: Federal Reserve's Policy Insights - The Fed's statement indicated a shift in focus towards supporting the economy rather than controlling inflation, as it removed previous language describing the labor market as "still low" [2] - Fed Chairman Jerome Powell emphasized that the removal of the total limit on overnight repurchase operations is a key tool to maintain the federal funds rate within the target range during market pressures [2] - The Fed's dot plot showed no change in the median forecast for interest rates in 2026, indicating a stable outlook [1][3] Group 3: Future Expectations - Market participants anticipate that the Fed may lower rates more than once next year, with a 68% probability of two or more rate cuts according to the CME FedWatch tool [3] - Analysts suggest that while the Fed's forecast indicates only one rate cut next year, the expansion of the balance sheet is a positive signal for the market [3] - The S&P 500 index is projected to potentially break the 7,000-point barrier in the coming weeks, driven by the favorable market conditions created by the Fed's actions [5]