Pacific Investment Management Company (PIMCO) economist Tiffany Wilding: On September 18, the Federal Reserve announced a 50 basis point cut, which means that policymakers are looking to achieve policy normalization more quickly than before. We believe that the Federal Reserve will cut rates by 25 basis points in future meetings. The actions of the Federal Reserve still depend on data, and if the US economic situation deteriorates rapidly, they may cut rates even more quickly.