Group 1 - The Federal Reserve is under pressure from Trump to lower interest rates, with indications that a rate cut in September is likely, despite the introduction of a new framework that emphasizes inflation control over employment metrics [1] - The current framework, established in 2020, has contributed to rising inflation, and the Fed is now shifting focus to prioritize inflation management as it enters a new cycle [1] Group 2 - The Shanghai Composite Index has rebounded, surpassing the 3800-point mark, while the Shenzhen Composite Index has seen significant gains, reaching a two-year high [3] - There is a strong expectation for a bullish opening in the A-share market on the following Monday, with potential for the Shanghai Composite Index to approach 4000 points in the coming days [5] Group 3 - The Shanghai Composite Index rose by 1.45%, the Shenzhen Component Index by 2.07%, and the ChiNext Index by 3.36%, indicating a bullish market trend [7] - The Shanghai Composite Index has closed at 3825 points, exceeding the previous high of 3731 points from 2021, with a target of reaching 4000 points in the near term [7]

Core Viewpoint - Federal Reserve Chairman Jerome Powell emphasized the need for a new framework that adapts to various economic conditions, moving away from an overemphasis on specific economic situations which may have led to confusion [1] Summary by Relevant Categories Economic Framework - The new framework aims to provide a balanced response when conflicts arise between the Federal Reserve's goals [1]

Core Viewpoint - The Federal Reserve Chairman Jerome Powell indicated that the new framework of the Federal Reserve may resemble the model used prior to 2020 [1] Group 1 - The Federal Reserve is considering a shift back to pre-2020 monetary policy strategies [1]