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tuo
@ttb
Traders currently expect the Federal Reserve to cut interest rates by 100 basis points by the end of the year. Economist Mohamed El Erian said that they have exaggerated the possibility of a major interest rate cut by the Federal Reserve before the end of the year: "In my opinion, the market has already digested so many interest rate cuts, which is problematic." In recent days, traders have consolidated their bets in the swap market that the Federal Reserve will cut interest rates by up to 100 basis points before the end of the year, and may cut interest rates by 25 basis points or even 50 basis points in September. The minutes of the Federal Reserve's July meeting showed that several officials believe a rate cut is possible next month, while the latest employment data shows that job growth is far less strong than previously reported, further indicating that a rate cut is almost a certainty. @seedclub @weyer
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