宏观数据即时点评：美联储降息50基点开启降息进程，未来降息路径不确定或导致市场保持敏感心态

Group 1 - The core viewpoint of the report indicates that the Federal Reserve's recent decision to cut interest rates by 50 basis points reflects a dovish stance, with a greater focus on employment rather than inflation [6][14][38] - The decision marks the largest modification in the text of the Federal Reserve's policy this year, highlighting a shift in emphasis towards supporting maximum employment [7][13] - The dot plot suggests that there may be an additional 50 basis points of rate cuts within the year, with the first 50 basis points serving to compensate for the previously unexecuted cuts in July [18][20][28] Group 2 - Powell's remarks during the press conference were also dovish, avoiding a clear path for future rate cuts, which leaves room for policy adjustments based on economic data [38] - The market reacted complexly to the meeting, with heightened sensitivity to future employment and economic data, indicating potential volatility in the stock market [39] - The report suggests that while there is no significant downside risk for the stock market in the short term, the heightened sensitivity may lead to increased fluctuations as the market digests economic uncertainties [39]