Fed's bet on interest rate cuts continues to increase, initial data is asking for weak job market

Odaily Planet Daily News The U.S. government report shows that the number of initial unemployment claims has jumped to a high in the past four years. The short-term interest rate futures market continues to increase its bet on the Federal Reserve's interest rate cut, from expected to cut at least twice at the end of this year, to betting on a four-stop interest rate cut from September to January next year, to full pricing, and three times this year, that is, the Federal Reserve will cut interest rates at the rest of this year. However, the stronger-than-expected CPI gains in August could prevent the Fed from starting a sharp cut in interest rates, with the probability of the Fed cutting interest rates by 50 basis points in September slightly rising to 10.9% from 8% before the announcement. (Jin Shi)