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Quantum Computing News: SandboxAQ Wins Pentagon Deal as $200 Million Flows Into Quantum Startups
The Federal Reserve delivers the expected 'third consecutive rate cut'! Analysts note: U.S. stock valuations are high, but liquidity expansion and earnings recovery continue to provide support.
At the December FOMC meeting concluded in the early hours of today Beijing time, the Federal Reserve cut interest rates by 25 basis points as expected, lowering the benchmark rate to 3.5~3.75%, in line with market expectations. Prior to the meeting, the implied probability of a December rate cut based on CME interest rate futures had approached 90%. This rate cut may represent one of the most contentious meetings for both the Federal Reserve and the markets: on the one hand, the government shutdown left the Fed without two months of data, akin to 'driving in foggy conditions'; on the other hand, the Fed faced an unusually high level of internal and external disagreements and opposition (with three dissenting votes at this meeting, the highest since 2019). Not to mention, the new Federal Reserve Chair also...
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