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The "Eagle King" has always been a representative figure advocating for interest rate hikes and a tightening stance.
He has now changed his stance and believes that interest rates should be lowered, indicating that the market's expectations for a rate cut in September are stronger.
This is a positive signal for the asset market: funding costs will decrease, and liquidity will be more relaxed.
So even the strongest hawks believe that interest rates should be lowered, and naturally, market confidence is stronger.
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