Citibank's short-term interest rate trading department believes that if the Federal Reserve observes weak performance in the labor market, it will actively adopt loose monetary policy. Currently, based on swap transactions, market expectations indicate that there is about a third chance of a 50 basis point rate cut by the Fed within this month. Global head Akshay Singal notes that when the Fed raised rates in 2022, it showed no hesitation, and it will not hesitate in cutting rates either. If recent employment data disappoints, the Fed is likely to cut rates by 50 basis points in September, November, and December, an action that aligns with the emphasis of Federal Reserve Chair Jerome Powell at the Jackson Hole symposium - focusing on labor market conditions.