Deep Tide TechFlow News, August 21, according to Jin Shi Data reports, PGIM Chief Global Economist Daleep Singh stated in a report that Federal Reserve Chairman Powell may hint at a more gradual interest rate cut strategy at the Jackson Hole meeting. Last week, U.S. CPI and PPI data showed that U.S. inflation remains stubbornly above 3%. He pointed out that the number of components in the CPI above 4% is comparable to those below 2%, marking the first occurrence of this since the inflation peak of 2021-2022. Against this backdrop, PGIM remains confident in its forecast, expecting the Federal Reserve to cumulatively cut rates by 100 basis points by next year, which is about 50 basis points lower than current market expectations.