美联储官宣，启动“技术性扩表”！

Core Viewpoint - The Federal Reserve has announced a 25 basis point interest rate cut, lowering the federal funds rate target range to 3.50%-3.75%, aligning with market expectations [1] Group 1 - The Federal Reserve will begin expanding its balance sheet this month by purchasing $40 billion in short-term government bonds, with the purchase scale expected to remain high for several months before significantly reducing [2] - From 2022 to the present, the Federal Reserve has been continuously reducing its holdings of government bonds, aiming to minimize its balance sheet without disrupting the market [4]