Fed rate cut expectations heat up, global asset risk appetite rebounds

According to ChainCatcher, according to Jinshi, Galaxy Securities research report pointed out that although the US CPI data in August rebounded, it was in line with market expectations and inflation was still within a controllable range. Meanwhile, the number of initial jobless claims rose unexpectedly to 263,000 last week, a record high in nearly four years. This combination of signals further strengthens the market's expectations that the Fed will start a cycle of interest rate cuts this year. It is expected that the US dollar will weaken in the future, pushing funds to flow to non-US markets, especially emerging markets and high-yield assets, thereby increasing global risk appetite.