The path of the Fed's future easing cycle is still unclear, and investors have different expectations on the speed and extent of rate cuts.

Jupiter Asset Management said in a report that investors are facing conflicting macro signals, which could lead to increased volatility in the bond market. The agency's investment managers said that although the U.S. economy remains resilient, demand may slow if real interest rates remain high for a longer period of time. Although the Federal Reserve has begun to cut interest rates, the market has lowered expectations for further rate cuts given the strong momentum of the U.S. economy. Investment managers said, "The future path of the Fed's easing cycle is still unclear, and investors have different expectations for the speed and extent of rate cuts." (Jinshi)