【Capital Economics: The US short-term interest rates face rising risks, and the market overestimates the prospects of interest rate cuts】 According to a report by Golden Finance, Kevin Thozet, a member of the Capital Economics Investment Committee, stated that the US short-term interest rates face rising risks, and the market is overly confident about the Federal Reserve's prospects for interest rate cuts. He pointed out that the US money market has already priced in at least two interest rate cuts this year, reflecting market expectations that the US economy and inflation will further slow down. Thozet believes this expectation is too high and mentioned that the current 10-year US Treasury yield at 4.3% is expected to fluctuate around 50 basis points above and below the current level.