Group 1 - The Federal Reserve officially announced a 25 basis point interest rate cut on October 29, bringing the target range for the federal funds rate to 3.75%-4.00% [2] - The rationale behind the rate cut includes rising inflation rates and increased uncertainty in the economic outlook, with a focus on achieving maximum employment and a 2% inflation rate in the long term [2][3] - The latest core inflation rate (PCE) in the U.S. is reported at 2.7%, showing a consistent upward trend from previous months [2] Group 2 - The U.S. GDP growth rate for the first quarter was -0.6%, marking the first negative growth since Q1 2022, while the second quarter saw a growth of 3.8%, which is still considered weak compared to historical data [3] - The unemployment rate has risen to 4.3%, up from 4.1%, indicating potential economic distress and triggering the Fed's monetary policy adjustments [3] - The current economic environment is influenced by trade tensions and government shutdowns, complicating the Fed's decision-making process regarding interest rates [4] Group 3 - The Federal Reserve's independence may be compromised due to political pressures, as evidenced by public dissent from White House economic advisors regarding the adequacy of the recent rate cut [4] - The trend of global interest rate reductions is likely to continue, with the European Central Bank having already lowered rates multiple times since June of the previous year [4][5] - Japan's central bank maintained its benchmark interest rate at 0.5%, despite rising inflation, indicating a cautious approach to monetary policy amid global economic uncertainties [5] Group 4 - Global central banks are increasingly concerned about economic growth uncertainties, as reflected in fluctuations in international gold prices and long-term bond sell-offs [6] - The weakening of the dollar and declining yields on dollar-denominated financial products may drive capital flows towards emerging markets, presenting potential investment opportunities [6]