Investment bank ING shifted from initially supporting a 50 basis point rate cut by the Fed to supporting a 25 basis point cut

PANews reported on September 15 that according to Jinshi, on Friday, the market's expectations for the Federal Reserve to cut interest rates by 50 basis points suddenly increased. Yesterday, this expectation reached 50%, while Thursday's expectation was only about 28%. This change has driven the rise of US stocks, the general decline of US bond yields, the decline of the US dollar, and the price of gold to new highs. Against the backdrop of the market's expectations for a rate cut, ING Group (ING) released a report that attracted attention. The investment bank shifted from initially supporting a 50 basis point rate cut to supporting a 25 basis point rate cut, predicting that a slight majority will choose a 25 basis point rate cut at the FOMC meeting next week, and said that the Federal Reserve is unlikely to break the trend of the dollar's depreciation.