#美联储降息 The Federal Reserve has once again pressed the rate cut button. On December 10th, the FOMC announced its interest rate decision— the federal funds rate was lowered by 25 basis points, with the target range dropping from 3.75%—4.00% to 3.50%—3.75%. This is the third rate cut this year, totaling a reduction of 75 basis points.

That said, although the Federal Reserve has taken action to cut rates this time, its stance has become more cautious. The official signals are clear: there may be a pause to observe for a while, to see how economic data develops. In other words, the pace of rate cuts might slow down from here.

What does this mean for investors and traders? They should pay close attention to two aspects. First is the change in the global trade situation—this directly impacts the space for liquidity release. Second is the trend of fiscal and monetary policies in major economies—policy coordination is becoming increasingly important.

Simply put, the Federal Reserve's policy has entered a wait-and-see phase, and the next steps depend on economic data. The valuation pressure on risk assets still exists, so investment decisions should remain cautious.