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On Wednesday, spot investment kept the federal funds rate target unchanged at ~.% and reduced the monthly Q purchase scale to 100 million, reaching 100 million. Spot investment is expected to end asset purchases this month, reiterating that it will remain highly accommodative for a long time after the end of Q. The long-term explanation of spot investment has alleviated the market's concerns about possible early interest rate hikes. The market currently expects spot investment to raise interest rates for the first time next summer. The result of this paragraph is that the market is good, and the price rebounded quickly to spot investment. At least in the past, there was no change in the expected early interest rate hikes and the words to maintain long-term easing. Later, spot investment officials predicted that by the end of the year, the federal funds rate would be at. %~.%, with a median of .% and a month of .%. At the end of the year, the federal funds rate was .%~%, with a median of .% and a month of .%. At the end of the year, the federal funds rate reached long-term levels of .%. . This prediction is an important reason for the sharp drop in spot investment and spot investment prices on Wednesday. It is also an opportunity for collective venting. Moreover, this is an important letter made when the market has fallen significantly, reaching the spot level. Investment promotion is the next support point for spot investment promotion. Everyone can pay close attention to when the market starts to rise. This view has not changed for the time being. Regarding the spot investment promotion meeting, one sentence is worth noting: when the committee decides to start withdrawing from easing Policy will be adopted in a balanced manner, consistent with the long-term goals of maximizing employment and inflation. According to previous predictions, it is very likely that interest rates will be raised starting in the middle of the year. However, this has already been predicted by the market, and the market situation has also Once the adjustment continues, it should not continue to adjust very far. When we really want to raise interest rates, we need to look at employment and inflation. The current inflation is our focus, and it is also the bullish pattern that determines the formation of future asset price increases. The key to reproducibility.
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