CoinVoice has learned that, according to Jinshi reports, a research report from CITIC Securities indicates that Powell's dovish speech at the Jackson Hole annual meeting meets expectations. It is anticipated that the Federal Reserve will consecutively cut interest rates three times this year, each by 25 basis points. The 'rate cut trade' logic in the U.S. stock market will be clarified again, similar to the market situation in July 2024, with interest rate-sensitive Russell 2000, S&P 500 real estate, and NASDAQ biotechnology possibly rising again. It is expected that U.S. Treasury bond yields and the dollar index still have slight room for decline, and the expectation of rate cuts will boost global equity market risk appetite, but caution is needed regarding the potential negative impact of the Russia-Ukraine agreement. [Original link]