So... this implies that there will be three interest rate cuts this year ☺

The current interest rate of the Federal Reserve is 4.5%, while generally, 3.5 is the watershed, which you can understand as the watershed for whether people are willing to take out loans or, in other words, whether people are willing to deposit money in the bank!

When the interest rate is above 3.5%, the deposit interest rate may reach 3%, and the difference in between is called the interest spread, which is the bank's profit.

When people's deposit interest rate is below 3.5%, people are more willing to take out loans from the bank to invest, while above 3.5%, people are more willing to deposit money in the bank to pursue stable returns!

So if the interest rate can indeed drop to 3% within the year, there will definitely be a second wave; conversely, there will definitely not be a second wave; the fundamental is liquidity, and other factors will have to take a backseat!