Group 1 - The expectation is for a 25 basis point cut from the Fed, with potential dissent from some governors who have signaled for a 50 basis point cut [1][3] - The labor market is showing signs of slowdown, with global job growth at its lowest since 2011, indicating a jobless expansion [4] - The current economic expansion is driven more by fiscal and business investment rather than job gains, with unemployment at 4.3% and growth at 1.4% [6] Group 2 - The market anticipates a total of 100 basis points in cuts over subsequent meetings, which is considered moderate for the current cycle [7] - Inflation remains a concern, which limits the aggressiveness of the Fed's actions despite the shift in focus towards the employment mandate [5][6]