Markets slightly raised bets on a 50 basis point rate cut by the Fed next week

Mars Finance reported that according to Jinshi, the possibility of a 50 basis point rate cut by the Federal Reserve next week, which is digested by swap contracts, has slightly increased. Earlier, the Wall Street Journal reported that policymakers were considering a 25 basis point or 50 basis point cut. The September OIS contract fell about 3 basis points to an intraday low of around 5.04%, corresponding to a rate cut of about 28 basis points in the September meeting, moving towards the midpoint of Wednesday's range; as of Wednesday's close, the corresponding rate cut was 26 basis points. The bet on the rate cut this year is still around 103 basis points, flat during the day.