Odaily News Federal Reserve Chairman Powell will deliver a semi-annual monetary policy report to Congress. Brown Brothers Harriman Bank said that Powell is expected to continue to urge people to be patient before the Fed relaxes monetary policy. He pointed out last week that the latest data does show that we are back on the road to anti-inflation, and emphasized that "the strong economy and job market give us the ability to wait patiently before starting to cut interest rates." The analysis said: "Although the US economy is slowing down, it is still performing well, so the Fed will remain cautious and keep its hand on the FOMC meeting in late July. The market expects the probability of a rate cut by then to be less than 10%, and the probability of a rate cut in September is around 80%, which is almost the same as before the release of non-farm payrolls data." (Jinshi)