The market expects the Fed to cut interest rates by 77 basis points in the next year

Odaily Planet Daily News: After the release of the US CPI data, the market expects the Federal Reserve to cut interest rates by 77 basis points in the next year, and 48 basis points by December. Previously, it was expected to cut interest rates by 67 basis points in the next year and 42 basis points by December. Traders increased their bets on the Federal Reserve to cut interest rates, and basically expected two rate cuts this year. (Jinshi)