Gennadiy Goldberg, Managing Director of U.S. Interest Rate Strategy at Daoming Securities: The Federal Reserve has sent a signal that they will not be as dovish as in the past, and they are inclined to have fewer rate cuts next year. I think this is a signal that the market will continue to price in less than two rate cuts, and if the data is strong enough, it may move towards zero rate cuts. If the Federal Reserve does not see inflation falling to a sufficient level, they are unwilling to continue cutting rates.