PANews reported on December 17th that, according to Jinshi Data, Federal Reserve Governor Waller stated that inflation is expected to continue to decline and that current interest rates are 50 to 100 basis points above the neutral rate. He noted that while the job market is weak, it has not experienced a precipitous drop, supporting the Fed's continued interest rate cuts without the need for drastic action. Influenced by his dovish remarks, the decline in US Treasury bonds narrowed significantly.