Jin Se Finance reports, Principal Asset Management Chief Global Strategist Seema Shah: Today's decision to cut rates is not surprising in itself. However, given the significant revisions to economic forecasts, it does indicate a reluctant rate cut—intended to provide some comfort to the markets as the Federal Reserve lays the groundwork for a tougher policy stance in 2025. Of course, there are no signs in the economic and inflation backdrop that require a large amount of policy stimulus, and the incoming new government may face serious inflation challenges next year. The inclination for further monetary policy easing should still exist, but at this stage, caution and patience are clearly needed.