ChainCatcher reported that according to Jinshi, Gurpreet Garewal, a macro strategist at Goldman Sachs Fixed Income and Liquidity Solutions, said in a report that the Federal Reserve is expected to cut interest rates by 25 basis points three times in September, November and December.

But she said that if the August employment report released next week shows more signs of weakness in the job market, it may prompt the Federal Reserve to start a larger interest rate cut of 50 basis points.