In recent times, the financial sector has been closely monitoring the monetary policy moves of the Fed. Various signs suggest that the Fed might be preparing to cut interest rates, largely due to the increased uncertainty in the global economic environment and the weak performance of domestic economic data in the US. Currently, the market's sentiment regarding the Fed's interest rate cut action in September is significantly elevated, reflecting an increased sensitivity among investors to policy adjustments. In general, the Fed has the necessary conditions for a rate cut, and it is expected to enter a relatively loose monetary policy cycle. However, the reaction of international financial markets under this backdrop will not be as drastic as in the past. Although a rate cut will have an impact on global financial markets, compared to major rate cut events in the past, the market response to this anticipated cut may be more moderate. This is because the degree of globalization has deepened, and the interconnectivity of financial markets among countries has increased, making the impact of a single economy's policy changes on the global market more complex and subtle. For developing countries and emerging economies, facing the anticipation of a Fed rate cut, maintaining calmness and rationality is crucial. First, they need to prepare contingency plans from the worst-case scenario, including but not limited to foreign exchange reserve management, currency stability strategies, and capital flow monitoring. Second, they should strengthen coordination and communication of macroeconomic policies, jointly maintaining regional and even global financial stability. Finally, they should deepen domestic economic structural reforms, enhancing economic resilience and reducing the negative impact of external shocks. In short, when facing the anticipation of a Fed rate cut, emerging economies should maintain a clear understanding, seizing opportunities while promoting national economic development with a moderately loose external environment, and also taking precautions against risks to ensure stable economic operations. Through scientific and reasonable policy control and forward-looking risk management, they can achieve sustainable economic growth.