Group 1 - The Federal Reserve announced a 25 basis point reduction in the federal funds rate target range to 3.75% to 4%, marking the second rate cut of the year [1] - Economic indicators suggest that U.S. economic activity is expanding at a moderate pace, with employment growth slowing and a slight increase in the unemployment rate, although it remains low [1] - Inflation has risen since the beginning of the year and remains at a high level, with the Fed aiming for full employment and a 2% inflation target over the long term [1] Group 2 - Fed Chairman Powell indicated that the employment outlook faces downside risks while inflation presents upside risks, complicating the Fed's decision-making [1] - Following Powell's remarks, U.S. stock indices experienced initial declines but stabilized by the end of the trading day, with the Dow Jones and S&P 500 slightly down and the Nasdaq reaching a new closing high [2] - There is a growing division among Fed officials regarding rate decisions, with two dissenting votes in the recent meeting, highlighting differing opinions on the appropriate rate adjustments [2]