What’s behind the US Federal Reserve rate cut?

The US Federal Reserve has ended 2024 with another interest rate cut, the third and final of this year. It announced a reduction of 25 basis points. What does the rate cut mean for the U.S. economy? How will the market respond (00:39)? China's latest economic figures signal a steady recovery. Retail sales of consumer goods increased by 3 percent in November from a year earlier. Value-added industrial output grew by 5.4 percent. How strong is the momentum of China’s economy (20:25)?