The Federal Reserve's September interest rate cut of 25 basis points as the baseline scenario

ChainCatcher news, according to Jinshi reports, Huatai Securities fixed income research indicates that the current situation in the United States suggests that employment growth faces downside risks, which may require policy adjustments. After Powell's speech, the market traded on Fed easing, and the probability of a soft landing for the U.S. economy has increased. A 25 basis point rate cut in September is expected to be the baseline scenario, with the probability of two 25 basis point cuts in the fourth quarter possibly higher than one.