随着昨日的降息，美国联邦基金利率已自周期高点6.5%降至2%。
With yesterday's cut, the federal funds rate has fallen from a cyclical peak of 6.5 percent to 2 percent.
尽管大多数人的业绩均以三年为周期进行评判，但他们的平均持股时间约为17个月，其中19%的基金经理一般持股时间仅为一年或更短。
Even though most are judged by performance over three-year horizons, their average holding period was about 17 months, and 19% of the managers held the typical stock for one year or less.
国际货币基金成员同意周期性对特别提款权的分配，当其他国家需要时可以转换为该国的货币。
The IMF's members agree on periodic allocations of SDRs, which countries can convert into other currencies if need be.
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