Interest rate adjustments in various countries are not consistent, and a reshaping of the global asset landscape is brewing.

The macro environments faced by major global economies are different, and currently, central banks in many countries are following different paths in their monetary policy adjustments: some are adjusting their pace, some are waiting and watching, and changes in interest differentials have become the focus of market attention. At present, with the resonance of economic data and political factors, the atmosphere of a rate cut by the Federal Reserve is growing stronger, and the market is pricing in a near certainty of a rate cut by the Federal Reserve in September. US Treasury Secretary Mnuchin's recent call for "US rate cuts, Japan rate hikes" further strengthens expectations of a rate cut, prompting market discussions to shift focus from "whether the Federal Reserve will cut rates" to "how much will they cut rates". Market analysis suggests that if the Federal Reserve cuts rates, global assets are likely to be repriced.