Group 1 - The Federal Reserve has cut rates and indicated more cuts are likely through the end of the year, leading to record highs in stocks and rising bond yields [1] - The 10-year Treasury yield briefly fell below 4% but has since risen to 4.116%, influenced by significant jobless claims data [2] - The jobless claims number represents the largest weekly decline in four years, prompting a reassessment of the Fed's rate cut projections [3] Group 2 - The Fed's decision to prioritize employment risks over inflation risks is seen as a necessary move to prevent potential job losses that could negatively impact the economy [4][5] - Despite the Fed's balanced risk assessment, there is a perception that the risks are skewed more towards employment, justifying the recent rate cuts [6] - The Fed has missed its inflation target for seven consecutive years, with inflation consistently exceeding the target by more than 50 basis points in six of those years [7][8]