Group 1: Federal Reserve Actions - The Federal Reserve lowered the policy interest rate by 25 basis points in September 2025, bringing the target range to 4%-4.25%[4] - The market had anticipated a 25 basis point cut with a probability of 96.1% prior to the meeting[7] - This marks a total of 125 basis points cut in the current cycle, with four reductions since the beginning of the cycle[16] Group 2: Divergence in Dot Plot - The dot plot indicates a widening divergence among committee members regarding future rate cuts, with 9 members supporting 2 more cuts this year, while 6 members believe there should be no further cuts[8] - One member suggested a reduction to below 3%, implying a need for cuts exceeding 50 basis points in the next two meetings[8] - The voting showed one dissenting vote, with Stephen I. Miran advocating for a 50 basis point cut instead of 25[28] Group 3: Economic Outlook - The Fed slightly raised its GDP growth forecast for 2025 to a median of 1.6% while maintaining the unemployment rate at 4.5%[9] - Inflation expectations for 2026 were slightly adjusted upward, with the Fed showing more tolerance for deviations from the 2% inflation target[9] - The Fed's statement highlighted a weakening job market as a significant reason for the rate cut, reflecting concerns over employment risks[10] Group 4: Market Reactions - Following the announcement, the Dow Jones increased by 0.57%, while the S&P 500 and Nasdaq fell by 0.1% and 0.33%, respectively[4] - Short-term Treasury yields declined, with the 3-month yield dropping by 2 basis points[30] - The dollar index showed volatility, initially falling before rebounding by the close of trading[30]

周四美元汇率上涨，投资者持续消化美联储周四凌晨如期降息25个基点的决议。德意志银行分析师指 出，由于主席鲍威尔将此次降息定义为"风险管理式降息"，市场对未来宽松周期的预期程度有所降低。 美联储点阵图显示，今年剩余两次会议还将各降息25个基点，明年将进一步降息。但鲍威尔强调风险平 衡倾向于通胀担忧，并重申未来将采取"逐次会议决策"的方针。美元指数DXY目前上涨约0.4%至 97.251。 来源：滚动播报 ...

Core Points - The Federal Reserve lowered the target range for the federal funds rate by 25 basis points to between 4.00% and 4.25%, aligning with market expectations [1] - The median forecast from the Federal Reserve indicates a further rate cut of 50 basis points by 2025 [1] - There is a divergence in opinions among Federal Reserve officials regarding future rate cuts, with varying views on the extent and timing of potential reductions [1] Summary by Categories Interest Rate Decisions - The Federal Reserve's decision to lower the federal funds rate target range by 25 basis points is in line with market expectations [1] - The median prediction suggests a cumulative rate cut of 50 basis points by 2025, with differing opinions among officials on the number and magnitude of future cuts [1] Economic Forecasts - The Federal Reserve maintained its inflation and unemployment rate forecasts for the year, projecting a median inflation rate of 3% and an unemployment rate of 4.5% [1] - Economic growth expectations have been revised upward from 1.4% to 1.6% for the year [1] Market Reactions - Following the Federal Reserve's announcement, the DXY dollar index experienced a sharp decline, while non-USD currencies rose collectively [1] - Spot gold prices surged, surpassing $3700 per ounce, and U.S. stock markets initially rose before retreating, indicating increased bets on at least one more rate cut this year [1]

格隆汇9月17日｜周三美元指数DXY微升，但仍徘徊于两个半月低点附近。投资者普遍预期美联储即将 降息，市场严阵以待。伦敦证券交易所集团数据显示，市场预计美联储今夜宣布降息25个基点的概率为 97%，降息50个基点的概率为3%。德国商业银行分析师Thu Lan Nguyen在研报中指出，更大幅度的降息 将对美元构成显著压力。她表示，在当前通胀攀升的背景下，若实施更激进降息，可能引发市场对"迫 于政治压力推行宽松货币政策"的担忧。 ...

格隆汇9月16日｜美元指数DXY跌至7月4日以来最低水平，日内跌幅近0.5%，报96.89。 ...

Group 1 - Broadcom shares surged over 16% in pre-market trading, indicating strong investor interest and positive market sentiment [1][2][9] - Tesla's stock increased nearly 3%, driven by news of a new compensation plan for CEO Elon Musk and a proposal to issue an additional 60 million shares to employees [1][8] Group 2 - The Dow Jones Industrial Average rose by 0.20% to 45,713.59, while the S&P 500 increased by 0.43% to 6,530.06, and the Nasdaq Composite climbed 0.71% to 21,862.59 [2] - The U.S. non-farm payroll data for August showed a significant miss, with only 22,000 jobs added compared to the expected 75,000, and the unemployment rate rose to 4.3% from the previous 4.2% [8]

Group 1 - The US Dollar Index (DXY) experienced a short-term decline, with a drop of nearly 20 points, currently reported at 98.12 [1]

Group 1 - The US Dollar Index (DXY) has risen to 98, reflecting a daily increase of 0.18% [1]

格隆汇8月25日｜美元指数DXY向上触及98，日内涨0.18%。 ...

Core Viewpoint - The US Dollar Index (DXY) experienced a significant short-term decline of 50 points [1] Group 1 - The decline in the DXY indicates potential volatility in the currency market, which may impact various sectors and companies reliant on dollar-denominated transactions [1]