65,829,114,225, but next there will be the Federal Reserve meeting, and the key is still to look at Powell's tone in his speech.
Let's talk about our situation, there are several core data points:
First, the deficit rate is set at 4%. Previously, we were mainly at 3%, marking the first increase in the deficit rate in recent years. To explain, 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.x, making the 3% target too far-fetched.
This downward adjustment of the target is a positive sign, indicating that the higher-ups have recognized and are facing the problem. It's a very significant positive.
Third, the issuance of 1.3 trillion in special national bonds, which is slightly lower than market expectations, but one point deserves attention: this time 500 billion was issued to support large state-owned commercial banks in replenishing their capital.
Rumors of rescuing the banks have materialized. Why issue bonds to them when banks are making such large profits every day? Because although banks are profitable, they also bear the huge risk from real estate. Rescuing real estate is too difficult, so it's better to safeguard the banks as a backup.