Huatai Securities pointed out that in the early morning of December 11, Beijing time, the Federal Reserve announced the December meeting's decision to cut interest rates by 25 bp as scheduled and begin reserve management purchases. The bitmap maintains the guideline of cutting interest rates once each for 2026-27; Powell stated that he is partial. Considering that the job market will gradually improve, it is expected that the Federal Reserve may suspend interest rate cuts in the future.

Huatai Securities pointed out that in the early morning of December 11, Beijing time, the Federal Reserve announced the December meeting's decision to cut interest rates by 25 bp as scheduled and begin reserve management purchases. The bitmap maintains the guideline of cutting interest rates once each for 2026-27; Powell stated that he is partial. Considering that the job market will gradually improve, it is expected that the Federal Reserve may suspend interest rate cuts in the future.