ChainCatcher news, according to Jinshi reports, Adrian Cooper, CEO and Chief Economist of the Oxford Economics Institute, stated: Our expectation is that the Federal Reserve will start to cut interest rates in the second half of this year, possibly in September. However, this largely depends on changes in underlying inflation, particularly in relation to wage growth. Over the past few years, labor inflation expectations have risen rapidly, which has surprised the Federal Reserve and many central banks. This means that workers are not only seeking raises to compensate for past inflation that was higher than expected, but also because they believe that inflation may remain elevated and are seeking raises. I believe the Federal Reserve wants to see decisive evidence that the process of slowing inflation will continue, not only for overall inflation but also for core inflation to return to the 2% level, before they are truly ready for significant rate cuts.