Deep Tide TechFlow News, on August 20, according to Jinshi Data, Kevin Thozet, a member of the Capital Economics Investment Committee, stated in a report that the U.S. short-term interest rates face an upward risk. He pointed out that the market is overly confident about the prospects of a Federal Reserve interest rate cut. The U.S. money market has priced in at least two rate cuts this year, reflecting market expectations that the U.S. economy and inflation will further show signs of slowing down. Thozet stated: "Considering the resilience of the U.S. economy, policy uncertainty, and the persistence of inflationary pressures, we believe this expectation is too high." He added that the trend of long-term U.S. Treasury yields is more balanced. Currently, the 10-year U.S. Treasury yield at 4.300% is expected to fluctuate within a range of about 50 basis points around the current level.