美联储降息后怎么投？重磅解读来了！

Core Viewpoint - The article discusses the recent interest rate cut by the Federal Reserve and the implications for global financial markets, emphasizing the potential for further rate cuts and the attractiveness of diversified asset allocation, particularly in gold and equities [2][4][11]. Group 1: Future Rate Cuts - Barclays' chief U.S. economist expects two more rate cuts of 25 basis points each in October and December [4]. - ICBC International anticipates a total of 75 basis points in rate cuts by the end of the year, with a cautious approach to avoid excessive easing that could harm policy credibility [4]. - UBS forecasts a total of 75 basis points in cuts by Q1 2026, with a potential for 200-300 basis points if labor market weakness persists [4]. Group 2: Signals to Watch - The FOMC's economic projections indicate a lower rate path than previously expected, with three rate cuts of 25 basis points this year [8]. - The voting dynamics within the FOMC showed unexpected support for the majority opinion, indicating a cautious stance on aggressive rate cuts [8]. - Market expectations may shift towards a recovery trade following the Fed's economic outlook adjustments [12]. Group 3: Impact on Global Financial Markets - Continued rate cuts by the Fed are expected to accelerate global asset repricing, benefiting physical assets and precious metals [11]. - HSBC emphasizes the importance of diversified asset allocation across various sectors and regions to enhance portfolio resilience [11]. - Macroeconomic fundamentals are expected to support U.S. equities, with lower interest rates alleviating corporate financing pressures [12]. Group 4: Effects on Emerging Markets - The Fed's easing policy may provide more operational space for the People's Bank of China to support economic growth and stabilize the yuan [14]. - HSBC maintains a positive outlook on global equities, particularly in the U.S. and Asia, including Chinese and Singaporean stocks [14]. - Emerging market equities are viewed as having strong investment value due to favorable conditions such as a weaker dollar and easing monetary policies [14]. Group 5: Outlook for Gold Prices - The initial negative reaction in gold and silver markets post-Fed meeting is seen as a typical profit-taking scenario rather than a fundamental shift [16]. - HSBC continues to favor gold as a hedge against global uncertainties and advocates for a broader asset allocation strategy [18]. - Macroeconomic conditions, including declining interest rates and rising risk premiums, are expected to support gold prices in the long term [19].