Whether optimistic or pessimistic, the latest minutes of the Fed meeting have laid the foundation for a rate cut in September, the difference is nothing more than 25 or 50 basis points. Powell's speech at the Jackson Hole Global Central Bank Annual Meeting on Friday will pave the way for a rate cut, although with his cautious attitude, he may still pave the way for a rate cut first. Considering that the market has already expected it, more attention is paid to the number of rate cuts this year and the extent of the easing shift.