The US debt market has "voted", signaling that the Federal Reserve is about to cut interest rates.

Odaily Odaily News: Bond investors expect the Federal Reserve to keep interest rates unchanged this week but signal an upcoming rate cut, so they are betting that the U.S. Treasury yield curve will become less inverted and eventually return to normal. It is reported that the closely watched two-year/10-year Treasury yield curve has been inverted for two consecutive years, the longest inversion in history, and the current yield gap between the two is negative 22 basis points. The market generally expects the Federal Reserve to keep its overnight benchmark interest rate unchanged in the range of 5.25%-5.50% for the eighth consecutive time on Thursday. Investors expect Fed Chairman Powell to give a "dovish" signal of holding back at the press conference after the meeting, that is, he may hint that interest rate cuts will begin as early as September, which will be the first rate cut in four years. (Jinshi)