According to Jinshi, Fed Governor Waller said that he believes interest rates should be cut at the next meeting. The U.S. 10-year Treasury yield has largely stabilized. Multiple rate cuts may be seen, whether at every meeting or every other meeting, it depends on the data. There is no need to follow a fixed sequence of rate cuts. He hopes to avoid a decline in the labor market. "I know there will be a small fluctuation in inflation, but it will not be permanent, and in six months it will be closer to the 2% target." [ChainCatcher]