德商银行：美国的降息情绪可能会持续

Core Viewpoint - The sentiment for interest rate cuts in the U.S. is likely to persist, driven by disappointing labor market data and a cautious stance from the Federal Reserve [1] Group 1: Economic Indicators - A disappointing labor market report was released last Friday, contributing to increased expectations for a rate cut by the Federal Reserve in September [1] - The current market pricing reflects an 86% probability of a 25 basis point rate cut in September, according to LSEG data [1] Group 2: Federal Reserve's Stance - The Federal Reserve appears to be more focused on the downside risks to economic growth, despite maintaining a cautiously balanced tone in recent comments [1] - Ongoing price risks from tariffs remain a concern for the Federal Reserve [1]