Deep Tide TechFlow News, August 19th, according to Jin Ten Data reports, the China International Capital Corporation research report states, "Recently, the market has significantly increased its pricing for a Federal Reserve interest rate cut, and internal divisions within the Federal Reserve have intensified, with voices both supporting and advocating for a wait-and-see approach. U.S. President Trump and Treasury Secretary Mnuchin, among others, are also pressuring the Federal Reserve to substantially lower interest rates.

However, we believe that the current conditions do not support a significant interest rate cut; the biggest risk facing the U.S. is 'stagflation', and lowering interest rates will not resolve this contradiction. Monetary policy should still focus on stabilizing inflation (expectations) rather than pursuing short-term growth or yielding to political pressure.

Therefore, we judge that the Federal Reserve will remain cautious in its interest rate cut decisions and will not implement significant easing. The coexistence of slowing employment and sticky inflation will greatly increase the uncertainties in the path of monetary policy."