Group 1: Global Financial Landscape - The U.S. national debt has reached $37 trillion, with interest payments projected to exceed $1 trillion by 2025, accounting for one-quarter of federal tax revenue [4] - Central banks around the world are reducing their holdings of U.S. Treasury bonds, with a reduction of $36 billion in April alone [4] - Countries are increasingly moving towards "de-dollarization," with Brazil's president announcing a shift away from the dollar and the EU and ASEAN working on alternative trade networks [4] Group 2: Market Reactions and Economic Indicators - The Dow Jones index fell nearly 1% while the Nasdaq reached a historic high, reflecting a divided market sentiment [3] - The Federal Reserve's decision to maintain interest rates at 4.25-4.5% was met with internal dissent, marking the first time in over 30 years that board members voted against the proposal [9] - Economic data shows a confusing picture, with a surprising GDP rebound driven by a decline in imports, while domestic demand growth has hit a two-and-a-half-year low [10] Group 3: Federal Reserve's Decision and Future Outlook - The Federal Reserve's decision to keep interest rates unchanged has led to significant market volatility, with a focus on trade policy impacts and a shift in internal dynamics [11] - Market expectations for a rate cut in September have increased, with a 60% probability of a cumulative 25 basis point cut [13] - The global central banks are closely monitoring their gold reserves, with a record accumulation of 280 tons in the first half of the year, indicating a lack of confidence in the dollar's future [13]