I have a slightly different perspective from Brother Wu, but I don't think the Federal Reserve Board of Governors has turned around, and these Governors are all following their own dot matrix trend in June. The dot plot in June still shows that there will be two interest rate cuts in the second half of 2205, and there will be a total of four opportunities in the second half of the year, namely July, September, October, and December. If there is no interest rate cut in July, there will be only three opportunities left. The two dots in the dot plot indicate that the majority of the voting committee is moderate and neutral, hoping to balance the economy, labor market, and inflation. However, only one Williams, aside from Waller and Bauman, is truly prepared to turn to interest rate cuts in September. Then there is Daley, who hopes to cut interest rates three times in 2025, but he can accept not cutting interest rates in September. So overall, the Federal Reserve's governors still want to maintain the result of two interest rate cuts. So, September, October, and December, two cuts in three months, are acceptable to them. So now, if many governors are starting to loosen, it is to prepare for the future. This article is sponsored by Bitget | @ Bitgetzh