Morningstar Chief Investment Officer Matt Wacher said in an online conference that the current trend of the Federal Reserve interest rate is stable, and a rate cut is expected soon. He mentioned that inflation in the United States is expected to reach target levels by 2024, while real Gross Domestic Product (GDP) is expected to continue positive growth. He still believes that the current level of interest rates in the US will significantly slow down GDP growth, and inflation will decrease to 2% after that, further dropping to 1-2% in the first quarter of 2025. The US economy is expected to achieve a "soft landing". Lorraine Tan, the Director of Asian Stock Research at Morningstar, mentioned that there is a slight reduction in the discount to fair value for Asian stocks, but they are still relatively inexpensive. The outlook for Japanese stocks remains positive, with an improvement in China's stocks in the second quarter and a strong growth potential, expecting a stronger consumption recovery in China by 2025. Kazunori Ito, Director of Asian and Japanese Technology Stocks at Morningstar, stated that the recovery is still ongoing, and the use of Artificial Intelligence (AI) can provide more upside potential.