Odaily Planet Daily News Analyst Marcus Ashworth said that as global stock markets plummeted, traders were talking about the Federal Reserve's possible emergency rate cut, but this was not only unlikely, but counterproductive. Fundamentally, the stock market decline was a clearing of market positions, not a response to economic shocks. There is nothing wrong with the US economy, so there is no reason for monetary authorities to intervene. Atlanta Fed forecasts show Q3 growth will exceed 2%; last week's weaker-than-expected employment report was affected by hurricanes. However, a more sustainable trend may be a reduction in government borrowing costs. Over the past three months, the 10-year Treasury yield has fallen 100 basis points, half of which has occurred in the past eight trading days. The 2-10 year yield curve is still inverted by 26 basis points, but this is not an alarm for a recession. Bonds are re-establishing their position in the portfolio, which is a gradual process as the economic situation becomes more complicated and the need to raise interest rates to suppress inflation is significantly reduced. (Jinshi)