market expectations: the pace of interest rate cuts will slow down

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wang yi said that the persistence of core inflation in the united states will keep the federal reserve vigilant and make it difficult to completely relax monetary policy. he expects that a more cautious approach will be adopted in the future to avoid triggering a second round of inflation and further stimulate economic growth. li chao also agrees with this view, believing that after a large-scale interest rate cut, the resilience of the us economy and inflation is expected to further increase, which will impose certain restrictions on the subsequent interest rate cut space.

international market performance is diverse

the market reaction to the fed's rate cut was quite diverse, with some major stock markets performing well, such as the nikkei 225 index and the hong kong stock market, which continued to rise, and a-shares also rose across the board. however, other markets also showed different sentiments, with some investors cautious about whether the us economy can achieve a "soft landing" after the fed's rate cut.

sino-us economic relations

the narrowing of the interest rate gap between china and the united states is a trend worth paying attention to. as international capital seeks higher-yield investment opportunities, this may increase capital inflows into the a-share market. however, the 50bp rate cut may also reflect concerns about slowing global economic growth, which may affect the profit prospects of chinese exporters and thus have a certain indirect impact on the a-share market.

china's economic policies

guan tao, global chief economist of boc securities, believes that the fed's interest rate cut will help converge the divergence between the economic cycles and monetary policies of china and the united states, ease the pressure of capital outflow and rmb exchange rate adjustment in china, and expand the autonomy of china's monetary policy. however, guan tao also said that no matter what happens to the us economy, it will have both advantages and disadvantages for the chinese economy, and we need to do our own work well.

in short, the market pattern is gradually taking shape after the interest rate cut. changes in the economic situation of various countries and the continuous evolution of sino-us economic relations will become key factors in the future market trend.