Breaking News at Dawn! The Federal Reserve Cuts Interest Rates by 25 Basis Points, Chinese Assets Surge21st Century Business Herald2024/11/08 04:28Local time on November 7, the Federal Reserve announced that it would lower the target range for the federal funds rate by 25 basis points to a level between 4.5% and 4.75%. This is the second interest rate cut by the Federal Reserve this year, following a 50 basis point cut in September. It is also the second interest rate cut since March 2020, marking the beginning of a loose monetary policy cycle in the United States. The Fed's FOMC statement indicates that the risks facing the target are still “broadly balanced” and that labor market conditions have “generally eased”; the scale of the balance sheet reduction remains unchanged. #BabyMarvinf9c7马斯克的火星狗🐶 Stay tuned