川财证券：研究所晨报-20240926

Group 1: Macro Economic Insights - The Federal Reserve announced a 50 basis point interest rate cut, lowering the target range from 5.25%-5.5% to 4.75%-5% [4][7] - This marks the beginning of a new rate-cutting cycle, which has historically occurred during economic crises [4][7] - The unemployment rate is projected to be 4.4% by the end of the year, which is 0.4 percentage points higher than previous forecasts [4][7] Group 2: Market Reactions and Predictions - The market anticipates further easing from the People's Bank of China (PBOC) due to reduced interest rate differentials and exchange rate pressures [9] - The recent depreciation of the USD against the RMB indicates that the market has largely priced in the Fed's rate cut [9] - Long-term expectations suggest that the RMB may strengthen against the USD as the Fed continues its rate-cutting cycle [9] Group 3: Industry Developments - The Guangdong provincial government has issued measures to support the development of the new energy vehicle industry and related sectors [7] - The establishment of a national-level energy storage testing center in Dongguan is encouraged, highlighting the growth potential in the energy storage industry [7] - The Robotics X lab of Tencent has unveiled its fifth-generation robot, showcasing advancements in robotics technology [7]