美股周三收盘点评：美联储提前送上圣诞礼物

Group 1 - The Federal Reserve maintains its expectation of only one rate cut in 2026, indicating sufficient measures have been taken to mitigate employment threats [1] - Comments on inflation lean dovish, highlighting that price increases are concentrated in tariff-affected industries and may be temporary, while productivity gains are suppressing price rises in other sectors [1] - The baseline forecast suggests robust economic growth next year with interest rates remaining within a reasonable range, providing the Fed with ample space to observe economic developments [1] Group 2 - U.S. stock markets experienced broad gains, with small-cap stocks and high-beta stocks leading the rally, while all sectors except utilities and consumer staples saw increases [3] - Treasury prices rose, leading to a steepening of the yield curve, exacerbated by the Fed's decision to purchase $40 billion in Treasury bills [5] - Emerging market bonds also rose, benefiting from an increase in market risk appetite [6] Group 3 - The dollar experienced its largest decline since September following the Fed's dovish comments, while the Brazilian central bank's hawkish stance may provide relief for the struggling Brazilian real [7] - Gold prices increased due to the Fed's rate cut impact, with its speculative attributes appearing to outweigh its safe-haven characteristics [7]