#XXX , but next there will be a Federal Reserve meeting, and the key is still to look at 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 focused on 3, which is the first time in recent years that the deficit rate has been raised. To explain, this means the government is willing to take responsibility, which means they are willing to inject liquidity.

Second, the inflation data is set at 2%. Previously it was 3, but now the monthly CPI is around 0.something, so setting a target of 3 is too far-fetched.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the problem and are facing it. It's a very significant benefit.

Third, issuing 1.3 trillion in special government bonds, which is slightly less than the market expected, but there is a point worth noting: this time they issued 500 billion to support large state-owned commercial banks in replenishing their capital.

Rumors suggest they will save the banks, and this wave has landed. Why do banks, which are making such big profits every day, need to issue bonds to them? Because while banks are making money, they also bear the burden of the real estate crisis. Saving real estate is too difficult, so it's better to support the banks as a backup.