美联储再度降息，部分银行美元存款利率仍超3％

Core Viewpoint - The Federal Reserve has lowered the federal funds rate by 25 basis points to a range of 3.50% to 3.75%, aligning with market expectations, prompting banks to promote dollar deposits and investment products with attractive yields [1] Group 1: Dollar Deposit Rates - Despite a general downward trend in dollar deposit rates, many institutions are still offering relatively high-yield dollar products, with rates remaining above 3% [2] - Chinese banks are maintaining competitive rates, with examples including Bohai Bank offering a 1-year dollar deposit at 3.10% and Hengfeng Bank at 3.30% [2] - Some city commercial banks are providing even higher rates, with 1-year dollar deposits reaching up to 3.9% and shorter terms at 3.7% [2] Group 2: Foreign Bank Promotions - Foreign banks are also promoting attractive short-term dollar deposit rates, with Standard Chartered offering up to 3.6% for 1-month and 3-month deposits [3] - Hang Seng Bank's 1-month dollar deposit rate is at 4%, with other terms also offering competitive rates [3] - Several foreign banks have recently increased their short-term dollar deposit rates, with some as low as a $10 minimum deposit [3] Group 3: Investment Products - Multiple asset management companies are actively promoting dollar-denominated fixed-income products, with ICBC Wealth Management's product achieving an annualized return of 4.97% [3] - Analysts suggest that while the appeal of dollar fixed-income assets remains strong in the short term, future returns may fluctuate with market interest rate adjustments [3] Group 4: Risks from Interest and Exchange Rates - Since September, the Federal Reserve has cut rates three times, totaling 75 basis points, leading to concerns about the future trajectory of dollar deposit rates and asset yields [4] - The continuous appreciation of the RMB against the USD has begun to pressure the actual returns on dollar investments, with the RMB appreciating 3.24% against the USD this year [4] - Analysts predict a potential observation period for the Federal Reserve's policy, with expectations of possible future rate cuts depending on economic indicators [4]