#加密立法新纪元 , but next there is the Federal Reserve meeting, and the key is still to look at Powell's speech attitude.

Let's talk about our situation, there are a few core data points:

First, the deficit rate is set at 4%. Previously, we mainly focused on 3, and this is the first time in recent years that the deficit rate has been raised. To clarify, this means the government is willing to take responsibility, which means they are willing to inject liquidity.

Second, the inflation target is set at 2%. Previously, it was 3, but now the monthly CPI is around 0 point something, so setting a target of 3 is too far off.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the problem and are facing it. This is a very significant positive development.

Third, issuing 1.3 trillion special treasury bonds, which is slightly less than the market expected, but there's a point worth noting: this time they issued 500 billion to support state-owned large commercial banks in replenishing capital.

There are rumors that they will bail out the banks, and this has been implemented. Why do banks, which are making such large profits every day, still need to issue bonds to them? Because although the banks are making money, they also bear the huge risk of real estate. Rescuing the real estate sector is too difficult, so it is better to support the banks as a backup.