According to Golden Finance, on March 21 local time, the Federal Reserve released an audited financial report showing that the Federal Reserve's operating loss in 2024 reached US$77.6 billion (approximately RMB 560 billion), a huge loss for the second consecutive year. Analysts believe that the main reason for the Fed's huge losses is the violent interest rate hike from 2022 to 2023. When the Fed can resume profitability depends on its subsequent path to rate cuts. The forecast of the New York Fed shows that if the short-term interest rate remains above 4%, the Fed will continue to lose money this year; if interest rates continue to be lowered, the Fed may make a profit.