#加密市场反弹 , but the upcoming Federal Reserve meeting is crucial, and it ultimately depends on Powell's attitude in his speech.

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

First, the deficit rate is set at 4%. Previously, we mainly targeted 3, marking the first increase in the deficit rate in recent years. To put it simply, this indicates that the government is willing to take responsibility, meaning they are open to quantitative easing.

Second, the inflation target is set at 2%. Previously, it was 3, but now the monthly CPI is only in the low single digits, making a target of 3 too far-fetched.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the issues and are facing them head-on. This is very favorable.

Third, the issuance of 1.3 trillion in special national bonds, which is slightly less than market expectations, but there is one point worth noting: this time, 500 billion was issued to support large state-owned commercial banks in replenishing their capital.

There are rumors that this will rescue the banks, and it has now come to fruition. Why issue bonds to banks that make such substantial profits every day? Because while banks are profitable, they also bear the massive burden of the real estate sector. Rescuing real estate is extremely challenging, so it is better to support the banks as a backup.