日韩股市集体高开，美联储暗示年内或再降息一到两次

Core Viewpoint - The article discusses the recent performance of Japanese and Korean stock markets, the impact of the Federal Reserve's interest rate cut, and the subsequent rise in Chinese assets in the U.S. market. Group 1: Market Performance - On September 18, Japanese and Korean stock markets saw collective gains, with the Nikkei 225 index opening up 0.27% at 44,910.50 points, reaching a record high during the session [1][3] - The Korean Composite Index opened up 0.57% at 3,432.77 points, indicating positive market sentiment [1] - Among the Nikkei 225 stocks, Resonac Holdings experienced the largest increase of 8.7%, while Tokyo Electric Power had the largest decline of 4.4% [1] Group 2: U.S. Federal Reserve Actions - The Federal Reserve announced a 25 basis point cut in the federal funds rate, bringing it to a target range of 4.00% to 4.25%, marking the first rate cut of 2025 [5][6] - The decision was passed with 11 votes in favor and 1 against, with the dissenting member advocating for a 50 basis point cut [5] - Fed Chair Jerome Powell indicated that the weakening labor market was a key factor in the decision to cut rates, noting that job growth has slowed [5][6] Group 3: Economic Indicators and Future Outlook - The unemployment rate in the U.S. rose to 4.3% in August, the highest in nearly four years, while non-farm payroll growth has been slowing [6] - Inflation remains a concern, with the core PCE index rising 2.9% year-on-year in July, and expectations for further increases in August [6] - Powell emphasized the need to manage inflation risks while addressing employment concerns, suggesting a cautious approach to future rate cuts [6][9] Group 4: Global Market Implications - The Fed's shift in focus from controlling inflation to stabilizing employment is expected to have significant implications for global financial markets [9] - The article notes that the Fed's decision to ease monetary policy while the stock market is near historical highs is a rare occurrence, highlighting the unusual economic environment [9]