Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25%, marking the first rate cut of the year [1] - Following the Fed's rate cut, several banks in China have adjusted their personal USD time deposit rates, with many currently maintaining rates in the "3% range" for one-year deposits [1] - Nanjing Bank's new USD deposit rates effective from September 13 show a decrease, with one-year rates dropping from 4% to 3.0% for a minimum deposit of $100,000 [1] Group 2 - According to a chief economist at CITIC Securities, the likelihood of further declines in USD deposit rates is high due to the Fed's recent rate cut and potential future cuts [2] - The downward adjustment of USD deposit rates may lead to reduced interest income for depositors, prompting them to seek higher-yielding assets such as bonds or stocks [2] - Investors are advised to diversify their asset allocation in USD investments and closely monitor Fed policy changes and exchange rate fluctuations [2]

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to between 4.00% and 4.25%, marking its first rate cut of the year [1] - Domestic banks typically adjust their USD deposit rates in response to changes in the US benchmark interest rates, but the adjustments may not always be synchronous or uniform [1][3] - As of September 18, several banks are offering 1-year USD fixed deposit rates in the "3% range," with specific rates provided by various banks [2] Group 2 - The chief economist at CITIC Securities indicated a high probability of further declines in USD deposit rates due to the Fed's recent rate cut and potential future cuts [3] - The downward adjustment of USD deposit rates may lead to reduced interest income for depositors, prompting them to seek higher-yielding assets such as bonds or stocks [3] - Investors are advised to diversify their asset allocation in USD investments and closely monitor Fed policy changes and exchange rate fluctuations [3]