美联储如期降息25个基点！机构：下一次降息或在3月

Core Viewpoint - The Federal Reserve announced a 25 basis point reduction in the federal funds rate target range to between 3.5% and 3.75%, aligning with market expectations, which led to a collective rise in major U.S. stock indices and a rebound in popular Chinese concept stocks [1] Group 1: Federal Reserve Actions - The Federal Reserve's dot plot indicates a forecast of two additional 25 basis point rate cuts in 2026 and 2027 [1] - Fed Chair Jerome Powell stated that the Fed is adjusting towards a neutral interest rate, currently at the upper end of the neutral range, and has not made a decision regarding January's meeting [1] - The number of officials opposing the rate cut increased to two, indicating a higher threshold for further rate reductions [1] Group 2: Market Reactions - The reversal of previously priced-in "hawkish rate cut" expectations has alleviated market concerns, contributing to increased volatility [1] - The Fed's announcement to initiate short-term Treasury bill purchases has also helped to ease market worries [1] Group 3: Future Outlook - Given ongoing economic and employment pressures, the Fed is expected to continue rate cuts in 2026, although the pace may slow due to persistent inflation [1] - The next potential rate cut may occur in March, with January likely seeing no changes [1] Group 4: Investment Opportunities - Attention is drawn to opportunities in the technology growth sector of the Hong Kong stock market following marginal improvements in liquidity [1] - Specific ETFs mentioned include the Hong Kong Stock Connect Technology ETF (159101.SZ), Hang Seng Technology Index ETF (513180.SH), and Hang Seng Pharmaceutical ETF (159892.SZ) [1]