CoinVoice has recently learned that, according to Jinshi reports, Huatai Securities' fixed income research indicates that the current situation in the United States suggests a downside risk to job growth, which may require a policy adjustment. After Powell's speech, the market traded on Federal Reserve easing, and the probability of a soft landing for the U.S. economy has increased. A 25 basis point rate cut in September is expected to be the baseline scenario, and the probability of two 25 basis point cuts in the fourth quarter may be higher than one. [Original link]