According to Odaily Planet Daily, PGIM Chief Global Economist Daleep Singh stated in a report that Federal Reserve Chairman Powell may hint at a more gradual rate cut strategy at the Jackson Hole conference. Last week's US CPI and PPI data showed that US inflation remained stubbornly above 3%. He noted that the number of components of the CPI above 4% was equal to those below 2%, a situation not seen since the inflation peak of 2021-2022. Against this backdrop, PGIM remains confident in its forecast, predicting that the Fed will have cut interest rates by 100 basis points by next year, approximately 50 basis points lower than current market expectations. (Jinshi)