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Odaily Planet Daily News: Dongwu Securities Research Report stated that we expect the Federal Reserve to cut interest rates by 25bps to [4.25,4.5]% in the FOMC in December, and the new dot matrix may raise the 2025 policy rate guidance by 25-50bps. At the press conference, Federal Reserve Chairman Powell may give more hints of suspending interest rate cuts in the future, weakening market expectations for a rate cut in January next year. Looking ahead, we expect the Federal Reserve to cut interest rates by 25bps in March and June 2025 respectively, but there is a risk of suspending interest rate cuts at 25H2. (Golden Ten)