Group 1 - Federal Reserve Chairman Powell indicated a potential adjustment in policy due to rising employment downside risks, leading to a surge in market expectations for a rate cut in September from 75% to 90% [1] - The current target range for the U.S. federal funds rate is maintained at 4.25% to 4.50%, while President Trump previously suggested rates should be controlled at 1% or 2% [1] - A Fed rate cut is expected to cause significant volatility in global currencies, gold, oil, stock indices, and commodities, with potential positive impacts on stock indices and precious metals [1] Group 2 - Many traders express a lack of familiarity with futures trading, finding it difficult to learn without professional guidance, which hampers their efficiency and understanding [4] - The "Economic News and COFCO Futures" are hosting a national futures simulation competition, providing participants with 1 million virtual funds to practice trading without financial risk [4][11] - The competition offers various rewards, including cash prizes for positive returns, making it an attractive opportunity for both beginners and experienced traders [12] Group 3 - Futures trading has distinct advantages over stock trading, such as the ability to trade both long and short positions, inherent leverage, and a more focused selection of contracts [6][8] - Futures allow for more flexible trading hours, including night trading, which benefits those who cannot trade during regular hours [8][9] - The simulation competition aims to educate participants on risk management and trading strategies, emphasizing the importance of understanding rules and maintaining discipline in trading [10][11]