December 11th, according to Jin10 data, the Federal Reserve cut interest rates overnight and indicated further cuts are possible, causing the US dollar to briefly hit a seven-week low and remain under pressure. The Fed cut rates by 25 basis points as expected but appeared less cautious about easing policies further than anticipated. Michael Pfister of Deutsche Bank stated in a report that Fed Chair Powell's remarks seemed to suggest that the risk of high inflation is less severe than the risk of a weakening labor market, potentially paving the way for further rate cuts after a pause in January next year.