TechFlow news, December 18: QCP released a bulletin stating that the Fed's latest FOMC meeting sent cautious signals, with a noticeably flattened policy path. Markets expect approximately 2.3 rate cuts next year. Policy remains "data-dependent," aiming to stabilize the labor market while controlling inflation. The Fed's $40 billion Treasury purchase program has reduced repo rates by 25 basis points to 4%, easing some funding pressures.
Meanwhile, the mismatch between investment and returns in the AI sector is becoming increasingly evident. Despite continued capital inflows into AI infrastructure, revenue growth is lagging. If monetization cannot be achieved, it may trigger broader equity valuation adjustments.
The cryptocurrency market faces new structural risks, as MSCI is evaluating the exclusion of companies with over 50% crypto exposure from its indices, potentially leading to up to $2.8 billion in passive fund outflows. Although regulatory environments in regions like Japan are gradually improving, the balance between market resilience and fragility remains delicate.
