The Federal Reserve is expected to start an interest rate cutting cycle next week, with the market focusing on the direction of the 10-year Treasury yield.

According to the Wise Finance APP, as the Federal Reserve's interest rate meeting approaches next week, the market generally expects the central bank to begin a new round of interest rate cuts. Investors are closely watching the performance of the 10-year US Treasury bond yield, which is considered as a key indicator to judge the degree of monetary policy easing and inflation expectations.