<p>According to the latest market analysis, interest rate futures have the strongest expectations for the future rate cuts by the Federal Reserve, with an expected 7 rate cuts in the next year. This is followed by gold (2.6 cuts), copper (2.4 cuts), and short-term bonds (2.3 cuts). The expected rate cuts for the US stock market are the lowest at only 0.8 cuts. Despite variations in market expectations for rate cuts, if the cuts fall short of expectations, the pressure on the US stock market will be relatively limited, and profit prospects remain an important consideration</p>

- The Fed's policy path? Likely to start in September, but overall rate cut limited under the "soft landing" scenario.
- Market expectations are high for a September rate cut based on inflation nearing the 2% target and cooling labor market. However, the extent of the cut may be restrained due to limited economic weakness. Key data and the Jackson Hole meeting will further clarify the policy direction.
- Assets like rate futures, gold, and stocks have factored in rate cut expectations, with rate futures implying the most cuts. Pre-cut, bonds and gold may benefit, but post-cut, a shift towards pro-cyclical assets is expected.

Interest rate futures > Gold > Copper > US Treasury Bonds > US Stocks