Federal Reserve Rate Cut and Market Chain Reaction

The Federal Reserve made the decision to lower the benchmark interest rate by 0.25 percentage points last night.

Subsequently, Chairman Powell stated that current policies are no longer as stringent as in the past, and future adjustments in interest rates will be more cautious, without following a predetermined path.

Affected by some "hawkish" signals released by the Federal Reserve, investors have somewhat reduced their expectations for future rate cuts, which directly triggered a significant decline in the US stock market yesterday.

The three major stock indices all showed a downward trend, with the Nasdaq index falling by 3.5%, and the Dow Jones index experienced a ten-day consecutive decline, successfully creating the longest losing streak since October 1974.

Bitcoin, which typically does not closely follow stock market fluctuations, also encountered a significant decline this time, making its movements quite unpredictable.

Ethereum's performance was also unsatisfactory, with market conditions being quite complex and severe.

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