美联储官宣，启动“技术性扩表”

Group 1 - The Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate target range to 3.50%-3.75%, in line with market expectations [1] - The Fed will begin expanding its balance sheet this month by purchasing $40 billion in short-term Treasury securities, with the purchase scale expected to remain high for several months before significantly reducing [1] Group 2 - From 2022 to the present, the Federal Reserve has been continuously reducing its holdings of Treasury securities, aiming to shrink its balance sheet to the smallest possible size without disrupting the market [3]