特朗普批评降息幅度太小

Core Viewpoint - The Federal Reserve announced a 25 basis point rate cut, lowering the federal funds rate target range to 3.50%-3.75%, aligning with market expectations [1][5]. Group 1: Federal Reserve Actions - The Federal Reserve will begin expanding its balance sheet by purchasing $40 billion in short-term Treasury bonds, with the purchase scale expected to remain high for several months before significantly reducing [1]. - The decision to cut rates was passed with a 9-3 voting ratio, indicating increasing divisions among committee members [1]. - The median expectation from the "dot plot" suggests a further rate cut of 25 basis points in 2026, consistent with previous forecasts [2]. Group 2: Market Reactions - Following the Federal Reserve's announcement, the U.S. dollar weakened, while U.S. stocks and commodities strengthened, and U.S. Treasury yields declined [2]. - The Dow Jones, Nasdaq, and S&P 500 indices showed positive movements, with the Dow increasing by 497.46 points (+1.05%) and the S&P 500 rising by 46.17 points (+0.67%) [2]. Group 3: Future Rate Cut Predictions - Multiple international investment banks predict that the Federal Reserve will cut rates 2-3 times in 2026, with terminal rates expected around 3.00%-3.25% [9]. - Goldman Sachs, Bank of America, Morgan Stanley, and Deutsche Bank each forecast two rate cuts in 2026, while Nomura Securities anticipates three cuts [9]. - Analysts attribute the likelihood of further rate cuts to leadership changes rather than economic interpretations, suggesting a shift towards a more dovish Federal Reserve [11].