On August 24th, according to a report by Jin Ten, the latest research opinion of Founder Securities believes that Federal Reserve Chairperson Powell spoke dovishly in Jackson Hole, believing that the time for policy adjustment has come, and the market is betting on interest rate cuts. Powell believes that the Federal Reserve will be one step closer to achieving the inflation target, the upside risks are dissipating, and there is greater confidence in achieving the inflation target. The labor market has cooled significantly, downside risks are rising, the Federal Reserve does not seek or welcome further cooling of the labor market, and it is expected that non-agricultural workers will accelerate the falsification of overly pessimistic economic expectations and overly optimistic interest rate cut expectations in August. The Federal Reserve is expected to cut interest rates by 25 basis points at the September FOMC meeting, and the dot plot will guide the rate cut of 50 basis points this year and 125-150 basis points next year.