The Federal Reserve has cut the monthly planned reduction cap of U.S. Treasury securities by more than half. Some comments suggest that the Fed's announced reduction of $35 billion exceeds Wall Street's expectation of $30 billion.

If the current situation holds, the Fed's hand is better played - the labor market is loose but not derailed, recession expectations are fading, and inflation is steadily falling.。If nothing else, the Fed will announce a continued pause in rate hikes next Wednesday。

Faced with successive declines in inflation data and weak economic activity, major banks have begun to step up their efforts to explore the possibility of a soft landing for the Fed's economy。