#NFT板块领涨 , but next there will be a Federal Reserve meeting, and the key point is still how Powell's speech is perceived.
Let’s talk about our situation; there are several core data points:
First, the deficit rate is set at 4%. Previously, we mainly focused on 3, marking the first time in years that the deficit rate has been increased. To explain, this means the government is willing to take responsibility, which indicates a willingness to provide liquidity.
Second, the inflation data is set at 2%. Previously, it was 3, but now the monthly CPI is just around 0 point something, making the 3 target too distant.
This adjustment in target is a positive sign, indicating that the higher-ups have recognized the issues and are facing them. It’s a very significant positive development.
Third, the issuance of 1.3 trillion in special government bonds, which is slightly less than market expectations, but there is a point worth noting: this time, 500 billion was issued to support large state-owned commercial banks in replenishing capital.
There are rumors of rescuing the banks, and this wave has been realized. Why issue bonds to banks that are making large profits every day? Because while banks are making money, they also carry the heavy burden of real estate risks. Rescuing the real estate sector is too difficult, so it’s better to support the banks as a backup.