多国利率调整步调不一，全球资产格局酝酿重塑

Core Viewpoint - The macroeconomic environment faced by major global economies is diverse, leading to a differentiated path in monetary policy among various central banks, with interest rate differentials becoming a focal point for the market [1] Group 1: Monetary Policy and Market Reactions - The atmosphere for interest rate cuts by the Federal Reserve is increasingly strong, with the market nearly fully pricing in a rate cut in September [1] - U.S. Treasury Secretary Yellen's recent comments on "U.S. rate cuts and Japan's rate hikes" have further reinforced expectations for a rate cut, shifting market discussions from "whether the Fed will cut rates" to "how much it will cut" [1] - Analysts believe that if the Federal Reserve's rate cut materializes, global assets are likely to undergo a repricing [1]