Group 1 - The Federal Reserve's unexpected announcement of interest rate cuts, supported by two board members, signals a shift in monetary policy, which is rare and indicates a potential easing of financial conditions [1] - The U.S. July CPI data shows a month-on-month increase of 0.2% and a year-on-year increase of 2.7%, with core CPI exceeding expectations, leading to heightened expectations for a rate cut in September [1] - The anticipation of lower interest rates is expected to enhance global liquidity, positively impacting global stock markets, including A-shares and Hong Kong stocks [1] Group 2 - The A-share market experienced a high of 3704.77 points but closed down 0.46% at 3666.44 points, ending an eight-day winning streak, indicating short-term technical adjustment pressure [2] - The Shanghai Composite Index is approaching historical highs, with the market showing an overall upward trend, suggesting potential for continued upward movement next week [5] - Despite potential adjustments, the market remains strong, with limited downside expected, indicating resilience in the face of short-term fluctuations [7]