Analysis: The market has fully digested the expectation of three 25 basis point rate cuts before the end of the year

BlockBeats News, September 12th - Transaction information platform Kobeissi Letter pointed out that the market currently expects a total reduction of 75 basis points in interest rates before the end of the year. Despite the continuous rise in the Consumer Price Index (CPI) inflation, the labor market's excessive weakness cannot be ignored. At the same time, the 10-year US Treasury bond yield officially fell below 4.00% for the first time since April 4th. The market has now fully digested the expectations of three interest rate cuts of 25 basis points each before the end of the year.