The possibility of interest rate cuts is increasing, but there are hidden complexities behind it... Goldman Sachs' latest report points out that although inflation is expected to rise, economic growth is slowing, and unemployment rates are slightly increasing, this wave of shocks is not enough to trigger a comprehensive supply chain crisis, nor will it force the Federal Reserve to emergency rate hikes. The key is— the rise in unemployment and the improvement in core inflation will effectively offset the upward pressure on energy prices, providing strong support for a 25 basis point cut in September and December. On the surface, it's a game of data like inflation and unemployment, but the real market indicator lies in the flow of funds and policy responses behind the scenes. When expectations for rate cuts strengthen, changes in capital flow may have already quietly begun.