CITIC Securities Co., Ltd.: The Federal Reserve's 50bps rate cut this time is a preemptive rate cut to act in advance
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CITIC Securities Co., Ltd. pointed out that the Federal Reserve cut interest rates by 50 basis points in September 2024, exceeding market expectations, demonstrating confidence in inflation and the job market. The dot plot shows a central target rate of 4.4%, lower than the previous 5.1%. Powell emphasized policy flexibility, expecting two more 25 basis point rate cuts later this year. After the rate cut, the market may return to "soft landing" trading, with sectors such as biotechnology and real estate performing well
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