深夜，新高！美联储，重磅发声！

Market Overview - The Dow Jones Industrial Average reached a new all-time high, increasing by 0.24% to 48,819.15, while the S&P 500 and Nasdaq indices experienced slight declines of 0.08% and 0.30%, respectively [2][3]. Federal Reserve Insights - Multiple Federal Reserve officials commented on the current economic conditions, indicating a cooling labor market but maintaining a balanced outlook. They expressed concerns about high inflation and the need for a moderately restrictive monetary policy [2]. - The Fed's recent decision to lower interest rates by 25 basis points aligns with market expectations, with Chairman Powell stating that current rates are well-positioned to address economic changes [2][4]. Interest Rate Projections - The Fed's "dot plot" indicates a median forecast of only one 25 basis point rate cut in 2026, consistent with previous predictions. However, many Wall Street firms anticipate two rate cuts totaling 50 basis points next year [4]. - Citigroup expects rate cuts in January and March, while Morgan Stanley predicts cuts in January and April. Other firms like Goldman Sachs and Wells Fargo also foresee two cuts, likely in March and June [4]. Company Performance - Broadcom reported Q4 revenue of $18.01 billion for fiscal year 2025, a 28% year-over-year increase but below market expectations of $18.48 billion. Net profit rose by 39% to $9.71 billion, with adjusted EPS at $1.95, up 37% [6]. - Broadcom's guidance for Q1 of fiscal year 2026 is approximately $19.1 billion, reflecting a 28% year-over-year growth, although the gross margin is expected to contract by 1% due to AI product impacts [6]. Stock Market Outlook - Goldman Sachs analysts predict that the U.S. stock market will reach new highs in 2026, driven by the increasing adoption of AI and resilient economic growth. They forecast a 12% growth in EPS for S&P 500 companies in 2026, with AI contributing significantly to productivity gains [6][7]. - The largest S&P 500 constituents, including Nvidia, Apple, Microsoft, Google, Amazon, Broadcom, and Meta, are expected to account for approximately 46% of overall profit growth in 2026, slightly lower than their contribution this year [7].