According to Jinshi's report on November 30th, with the steady rise of the US economy, concerns about the slowdown in the labor market have been temporarily shelved. The crux of the current market debate is how much the Fed will cut interest rates next year when inflation data does not show significant improvement. Matthew Luzzetti, Chief US Economist at Deutsche Bank, expects the Fed to cut interest rates again in December and then suspend rate adjustments for the entire year of 2025, waiting for more progress in inflation. He said: 'The urgency of rate cuts is much smaller, and it may make sense to slow down rate cuts earlier than they expected.' Federal Reserve Governor Bowman said in a recent speech that the progress towards the Federal Reserve's 2% inflation target has "stalled" in recent months, calling for the Fed to cut interest rates "cautiously" at that time.