The shift in the Federal Reserve's monetary policy is only a matter of time; however, the exact timing of the first rate cut remains uncertain. According to the dot plot following the June Federal Reserve interest rate meeting, the probability of one rate cut by the end of this year and four rate cuts next year is the highest. The Federal Reserve is hailed as the central bank of the world, and its policy shift can guide central banks globally to lower interest rates or even usher in a wave of rate cuts. In fact, during this period, the European Central Bank has already taken the lead in lowering interest rates, and other central banks are also considering the possibility of using rate cuts to stimulate economic recovery and prevent a slowdown in global economic growth. The Federal Reserve's rate cuts still significantly influence the global capital market trends and the rate cut decisions of central banks in other countries around the world, which we must closely monitor.