Odaily Planet Daily News: At the recent Jackson Hole Central Bank Symposium, Federal Reserve Chairman Powell hinted that the priority has shifted from fighting inflation to protecting jobs, saying that a further cooling of the labor market would be "unwelcome." He did not use the word "gradual" to describe the pace of future rate cuts, a move that some investors believe opens the door to rapid rate cuts. Traders now expect the Fed to cut interest rates by a full percentage point by the end of this year, which means that one of the three remaining meetings in 2024 will cut interest rates by 50 basis points. (Jinshi)