According to the news from Bijie.com, Lars Mouland, chief credit and interest rate strategist at Nordea Union Bank, said that the US monetary policy has entered a new stage, and interest rate cuts depend on lower inflation levels or a weaker labor market. The market currently prices the Fed's interest rate path close to what it considers to be fair, but interest rates may be higher than this level. Long-term interest rates are around 4%. If inflation cannot return to 2%, interest rates need to be set in a restrictive area.