According to Mars Finance news, a report by CITIC Securities states that Powell's speech at the Jackson Hole central bank summit aligns with our previous expectations, emphasizing the downside risks in the labor market and continuing the view from the July interest rate meeting that "tariff inflation is transitory," laying the groundwork for a rate cut in September. We maintain our previous view that the Federal Reserve is expected to cut rates three times within the year, each time by 25 basis points. Regarding the adjustment of the monetary policy framework, the Federal Reserve has abandoned the average inflation targeting regime and returned to a flexible inflation targeting regime, modifying the wording to emphasize attention to the "two-way" risks in the labor market. (Jin Shi)