With the Federal Reserve looks set to cut its benchmark interest rate by another quarter percent, markets are trying to figure out where the U.S. central bank is headed. It's been ratcheting up rates for three years. This year it reversed course. While Chairman Jerome Powell called it a "midcycle adjustment," there's something happening in an obscure, but critical corner of the financial market, which could mean more rate cuts ahead. CGTN's Toni Waterman explains from Washington.

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