The Fed's interest rate cut refers to the reduction of the federal funds interest rate, aimed at stimulating the economy. If inflation cools and growth slows, the Fed may initiate an interest rate cut to lower borrowing costs for businesses and households, boosting consumption and investment. On the market level, U.S. stocks may be supported, the dollar may weaken, and the attractiveness of non-yielding assets like gold may rise. However, caution is needed as excessive easing could raise inflation risks, and the actual impact depends on the pace of interest rate cuts and feedback from the economic fundamentals.