美联储降息落地，美股分化、中国资产大涨

Group 1 - The Federal Reserve announced a reduction in the federal funds rate target range to 4.00% to 4.25%, a decrease of 25 basis points, marking the first rate cut since 2025 and the resumption of rate cuts after nine months [1] - The FOMC statement highlighted increased downside risks to employment, a slowdown in economic growth during the first half of the year, and a rise in inflation [1] - Market expectations for another rate cut in October exceed 90% following the Fed's announcement [1] Group 2 - Fed Chairman Jerome Powell indicated that job growth has slowed and that the labor market is showing signs of fatigue, while inflation remains slightly elevated [1] - Powell described the rate cut as a "risk management" measure, suggesting it is a precaution against a sharp economic slowdown rather than the beginning of a monetary easing cycle [1] - Wall Street traders have increased their bets on at least one more rate cut this year, leading to mixed performance in major U.S. stock indices [1] Group 3 - Chinese concept stocks saw a general increase, with the Nasdaq China Golden Dragon Index rising by 2.85%, and notable gains in companies like Baidu and Semiconductor Manufacturing International Corporation [3] - Morgan Stanley reported that U.S. investor interest in Chinese stocks has reached its highest level in five years, indicating a potential influx of capital into the Chinese market [3]