Zhi Tong Cai Jing·2025-09-19 02:29Group 1 - The core viewpoint of the report is that the Federal Reserve is expected to implement two more rate cuts within the year, specifically in October and December, each by 25 basis points, bringing the rate to 4.00-4.25% [1] - The report categorizes the recent rate cut as a preventive measure rather than a response to recession [1] - The Hong Kong stock market is anticipated to have significant upward potential in the medium to long term, with greater volatility and elasticity following a rebound [1] Group 2 - The report recommends focusing on sectors such as AI and the internet, small and mid-cap growth stocks, non-ferrous metals, innovative pharmaceuticals, and the China-U.S. mapping chain (home appliances, consumer electronics) [1] - For the U.S. stock market, short-term fluctuations are expected, but a long-term upward trend is anticipated, with recommendations for technology and growth stocks, non-ferrous metals, interest rate-sensitive sectors (real estate chain, discretionary consumption), and cyclical sectors (finance, industrials) [1] - The company has revised its GDP growth forecast for the U.S. upward for the next three years while lowering the unemployment rate expectations for the next two years [1]