Odaily星球日报讯 惠誉表示，预计美联储将在 11 月和 12 月的会议上各降息 25 个基点，在本轮宽松周期中，美联储的降息幅度仍可能整体保持温和。预计美国就业市场将不会出现大幅恶化，尽管美联储实施降息，预计美国联邦基金目标利率（上限）将在今年年底降至 4.5%，到 2025 年底降至 3.5%，并将在 2026 年 6 月降至中性水平 3.0%。（金十）

惠誉：预计美联储将在11月和12月会议上各降息25基点

Odaily Odaily News: Fitch said that the Federal Reserve is expected to cut interest rates by 25 basis points at each of its November and December meetings. In this round of easing cycle, the Fed&#39;s interest rate cuts are likely to remain moderate overall. The US job market is not expected to deteriorate significantly, despite the Fed&#39;s interest rate cuts. The US federal funds target rate (upper limit) is expected to fall to 4.5% by the end of this year, to 3.5% by the end of 2025, and to a neutral level of 3.0% in June 2026. (Jinshi)

Fitch: The Fed is expected to cut interest rates by 25 basis points at its November and December meetings

Odaily Planet Daily Report: Federal Reserve's Kashkari stated that there is currently almost no evidence that recessionary forces are accumulating or that inflation is likely to rise unexpectedly. He pointed out that although the Federal Reserve's policy remains tight, there is uncertainty about the degree of future tightening. Kashkari emphasized that the Federal Reserve's interest rate path will depend on the data to be released, and he expects the policy rate to be 4.4% by the end of 2024 and 3.4% by the end of 2025. He also stated that a 50 basis point rate cut is the right decision to reflect progress on inflation and a slowdown in the labor market. (Jinshi)

Fed's Kashkari: Policy rate could be 4.4% by the end of 2024, 3.4% by the end of 2025

On September 19, 2024, the Federal Reserve lowered interest rates by 50 basis points (bps), reducing the federal funds rate to between 4.75% and 5%. Lowering interest rates is an important tool used by the Federal Reserve to stimulate the economy during periods of economic slowdown or recession. Let's take a look at WOO X Research to see what impact the interest rate cut will have on the cryptocurrency market in the next stage.

The Federal Reserve's interest rate cut means a reduction in the benchmark interest rate, which typically has a series of important effects on the economy. The lower borrowing costs can encourage businesses and consumers to take out more loans, thereby stimulating investment and consumption. This can lead to increased economic activity and potentially higher inflation. However, lower interest rates can also make holding cash and fixed-income assets less attractive, potentially driving investors to seek higher-yielding assets like cryptocurrencies.

Amid the Fed’s interest rate cut, can Bitcoin seize the opportunity to rise?

Financial Secretary of Hong Kong, Paul Chan, released a Secretary's Note, in which he pointed out that the US Federal Reserve last week cut interest rates by 50 basis points, the first rate cut in more than four years, and that major central banks around the world had also cut interest rates earlier, strengthening the market's expectation of a gradual decline in global interest rates. The loose financial environment has also benefited the sentiment of the asset market and the business environment. Although under the linked exchange rate system, the future interest rate trend in Hong Kong can be expected to be largely the same as the US interest rate, the pace and extent of the rate cut will depend on the local capital flow and market conditions.

Against the backdrop of a gradually improving environment, it is more necessary to further intensify efforts to promote the Hong Kong market. As risk appetite gradually recovers and investors chase higher returns, Hong Kong's market should explore a wider and more diversified source of funds. After the listing of the first Asia-Pacific exchange-traded fund (ETF) tracking Saudi Arabian stocks in Hong Kong at the end of last year, the Saudi Capital Market Authority recently announced the approval of the first ETF investing in Hong Kong stocks, which will be listed on the Saudi stock exchange, allowing capital from Saudi Arabia and the Middle East to invest directly in Hong Kong-listed stocks more conveniently. Hong Kong will continue to strengthen its promotion in traditional and emerging markets, and believes that with the decline in interest rates, it will be able to better leverage capital from different markets to inject new momentum into Hong Kong's capital market.

Hong Kong Financial Secretary Paul Chan Mo-po: The Federal Reserve cut interest rates by 50 basis points, and the overall environment has gradually turned relatively favorable