On March 21 local time, the Federal Reserve released an audited financial report showing that the Federal Reserve's annual operating loss in 2024 reached 77.60 billion US dollars (about 560 billion yuan), marking the second consecutive year of huge losses. Analysts believe that the main reason for the Federal Reserve's huge losses is the violent interest rate hikes from 2022 to 2023. When the Federal Reserve can return to profitability depends on its subsequent interest rate cut path. The New York Fed's forecast shows that if short-term interest rates remain above 4%, the Federal Reserve will continue to lose money this year; if interest rates continue to decline, the Federal Reserve may achieve profitability.