In response to the Federal Reserve's interest rate cut of 50bp, CICC issued a comment saying that the interest rate cut of 50bp was an unconventional start and partially exceeded market expectations. The 50bp cut was in line with expectations for CME interest rate futures, but it exceeded the forecasts of many Wall Street investment banks and was an "unconventional" start. Historically, interest rate cuts starting at 50bp have only occurred in times of economic or market emergency, such as the technology bubble in January 2001, the financial crisis in September 2007, and the epidemic in March 2020.