Powell's cold debut in Milan "risk management rate cut" triggers short-term bond frenzy, long-term bond collapse. Matrix chart predicts three-year rate cut path.

According to the Securities Times app, the Federal Reserve cut interest rates by 25 basis points on Wednesday as scheduled, lowering its benchmark interest rate to a target range of 4%-4.25%, the lowest level in nearly three years. In addition, the Federal Open Market Committee (FOMC) provided signals for future policy paths.