According to the latest reports, due to unexpectedly weak non-farm data, several Wall Street investment banks have adjusted their forecasts for the number of interest rate cuts by the Federal Reserve this year. In their new predictions, Goldman Sachs believes that the Federal Reserve will cut interest rates three times, even considering a 50 basis point cut in September's meeting. Citibank expects the Federal Reserve to cut interest rates by 50 basis points in September, November, and December, respectively, which is more aggressive than its previous prediction of three separate 25 basis point cuts. According to Bank of America's prediction, they expect the Federal Reserve to start its interest rate cutting action in September, starting with a 25 basis point cut. JPMorgan predicts that the Federal Reserve may cut interest rates by 50 basis points in September and November, and then by 25 basis points at each subsequent meeting. These series of prediction changes indicate growing concerns about the economic outlook, prompting Wall Street investment banks to reassess the Fed's policy direction.