The Federal Reserve may cut interest rates by a total of 92 basis points this year

Odaily Odaily News: After the latest data showed the resilience of the US economy, traders lowered their expectations for the Federal Reserve to cut interest rates sharply this year, and US Treasury yields soared. Traders reduced their bets that the Federal Reserve will cut interest rates sharply in September, and the rate cut is expected to be less than 30 basis points next month. They now expect the Federal Reserve to cut interest rates by a total of 92 basis points in the rest of 2024, down from more than 100 basis points before the data was released. (Jinshi)