Interest rate derivatives traders expect the benchmark rate to fall to about 2.75% by the end of next year, equivalent to ten 25 basis point rate cuts.

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ODAILY
09-16
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Odaily Odaily News Interest rate derivatives traders now expect the benchmark rate to fall to about 2.75% by the end of next year, from about 5.25% currently. This is equivalent to 10 rate cuts of 25 basis points each, and the Fed may only take such measures in the event of a recession. Although few people on Wall Street predict a recession soon, most agree that the risk of a recession is higher now than a few months ago. (Jinshi)

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