According to Odaily, Columbia Threadneedle Investments' rate strategist, Hussainy, stated that the market is betting on recession risks and tightening financial conditions forcing the Federal Reserve to significantly cut interest rates this year, potentially by about 100 basis points. Regarding U.S. Federal Reserve Chair Jerome Powell's speech later today, Hussainy believes that if Powell and his team signal any opposition to this expectation, short-term interest rates may deviate.