Fed Chairman Powell said the U.S. economy will achieve soft landing and will further "readjust" the rate cut process based on the upcoming economic data. He believes that the economy is currently in a environment of mild rise and sustained inflation falling towards the target, and the labor market can maintain resilience. If the economy continues to develop along its current trajectory, it is expected that there will be two more 25 basis point rate cuts this year, while the market has been betting on a more aggressive rate cut cycle.