According to TechFlow, on October 17, according to Jinshi, James Knightley, chief international economist of ING, said that the Federal Reserve may cut interest rates by 50 basis points for the rest of the year. Knightley explained that the Fed's current approach focuses on risk management. Unlike most central banks, which have a single goal of reducing inflation to 2%, the Federal Reserve has two main goals: price stability and full employment. If the Fed is confident that it will achieve its inflation target, it may shift its focus to supporting employment. Knightley said that it is very appropriate for the Federal Reserve to cut interest rates by 25 basis points in November and then cut interest rates again in December. He also predicted that the Federal Reserve may cut interest rates to around 3%-3.5% in the summer of 2025.