#美联储货币政策 Looking back, the changes in the Fed's monetary policy have always influenced the nerves of the global financial markets. HSBC's prediction that the dollar may soon hit bottom reminds me of the situation after the 2008 financial crisis. At that time, the Fed also implemented large-scale interest rate cuts and quantitative easing policies, causing the dollar to weaken temporarily. But history tells us that the resilience of the dollar should not be underestimated.

The market currently expects 85 basis points of easing before the end of the year, but HSBC believes that the likelihood of further rate cuts in 2026 is low. This divergence reflects the complexity of the current economic situation. Historically, the Fed's policy shifts tend to be a gradual process rather than an abrupt one.

The prediction for the euro to dollar exchange rate is also quite interesting. It may rise to 1.20 in the short term, but will still fall back in the long term. This reminds me of the significant fluctuations of the euro during the European debt crisis. The currency market is always full of uncertainty, and we must remain vigilant at all times and not be blinded by short-term fluctuations.

For investors, it is certainly important to pay attention to the direction of Fed policy, but it is even more crucial to focus on long-term trends and changes in fundamentals. After all, true wealth accumulation often comes from deep insights into industry and technological developments, rather than short-term monetary games.