According to a report by Jinse Finance, Federal Reserve official Musalem stated that attention should be paid to the overall interest rate trajectory, not just the rate decision of a single meeting. Inflation remains above target levels and there are ongoing risks. The next employment report may influence the decision on rate cuts, depending on its content. Risks in the job market are rising but have not yet materialized, and the inflationary impact of tariffs is expected to gradually fade. The interest rate path may include a pause in rate cuts.