全球市场策略：美联储降息50基点，是购买美股的时机吗？

Group 1 - The Federal Reserve's recent 50 basis point rate cut is the first since the pandemic, indicating a shift in monetary policy aimed at addressing recession risks rather than stabilizing the economy [1][2][3] - Market reactions included a rise in the S&P 500 index to 5660, followed by fluctuations in gold and U.S. Treasury yields, reflecting investor uncertainty about future economic conditions [1][3] - The Fed's dot plot suggests further rate cuts, with expectations of a total reduction of 100 basis points by the end of 2026, indicating a more aggressive approach to monetary easing [1][2] Group 2 - Historical analysis shows that rate cuts initiated with a 50 basis point reduction typically occur during recessionary periods, contrasting with 25 basis point cuts that are more common in stable economic conditions [1][3][4] - The report highlights that asset performance during 50 basis point cuts tends to be poor for equities, particularly in emerging markets, while bonds generally perform well, especially U.S. Treasuries [1][4][5] - The Fed's focus has shifted towards a weakening labor market, with downward revisions to GDP and inflation forecasts, while unemployment rate projections have been increased for the next three years [1][2][3]