The cut in interest rates means the United States has lowered its benchmark to increase exports, stimulate markets and accelerate the recovery.
The Federal Reserve, the equivalent of the U.S. central bank, announced a cut in the reserve requirement ratio and interest rate, which is to lower the benchmark lending rate.
Normally, the Fed cuts interest rates to stimulate the U.S. market only when the U.S. economy is in recession or recession.
Lower interest rates will make prices in the United States go up, the cost of imports will increase, and the cost of exports will be flat.
As a result, the U.S. will export more products.”
On the one hand, the value of the dollar has depreciated, and the large flow of dollars in the United States has caused the price to rise.
On the other hand, it is the United States that is encouraging exports and reducing imports.
The Fed’s rate cut will also affect the gold market, and many investors will turn their investment attention to gold, which will also affect the rise of gold prices.