In fact, it is almost certain that interest rates will remain stable in August, and the focus of market attention has shifted to the speech of Fed Chairman Powell, whether he will tighten the policy hawkishly or turn to dovish easing. If the Fed decides to open the easing gate, then this action will most likely not stop at a single rate cut, but will herald the official start of the rate cut cycle.
Some analysts even boldly predict that there may be three rate cuts this year, each set at 25 basis points. However, all these speculations must be based on the final decision of the Fed meeting tonight, and the market's reaction and future trends will also move accordingly.