KerryCraig, global market strategist at JPMorgan Asset Management, said in a report that the Fed has signaled that it will take a more cautious approach to the easing cycle.。Craig said Powell was in good communication by balancing the "urgency of a return to neutral interest rates" and acknowledging the "relatively stable state of the economy."。Craig added that the focus has also shifted more to a jobs-first approach than to inflation.。The size of the rate cut may not be as important as the ultimate goal, which is to adjust the policy rate to be closer to the Fed's neutral view by 2026 by anticipating another 150 basis point cut by the end of 2025。Stocks and bonds should benefit if nominal growth and easing cycles remain stable, Craig said。(Golden Ten)