CoinVoice has recently learned that, according to Jinshi reports, Citic Securities' research report states that Powell's speech at the Jackson Hole central bank summit is consistent with previous expectations, emphasizing the downside risks in the labor market, and continuing the viewpoint from the July interest rate meeting that 'tariff inflation is a one-time event,' paving the way for a rate cut in September. Citic Securities expects the Federal Reserve to cut rates three times within the year, each by 25 basis points. At the same time, the Federal Reserve will abandon the average inflation targeting framework, returning to a flexible inflation targeting framework, and will modify its wording to emphasize attention to 'bidirectional' labor market risks. [Original link]