Federal Reserve cuts interest rates!!! The market generally expects the Federal Reserve to cut rates by 25 basis points on Thursday, but the key focus will be on Powell's speech afterward. His statements—whether they hint at pausing rate cuts or leaving options open—will be scrutinized by the market and directly impact subsequent trends. Recent weak employment and inflation data have solidified expectations for rate cuts, but the divergence in economic data and external uncertainties (such as fiscal pressures and government shutdowns) have increased the difficulty of policy assessment. If Powell signals a dovish stance, risk assets may continue to rise; the most extreme 'black swan' scenario would be if rates are not cut as expected, leading to severe market volatility. #美联储重启降息步伐