At present, in the interest rate swap market, traders are still betting that there is a high probability of the first rate cut in September, and the probability of no rate cut in July is as high as 64.8%.
You can pay attention to the attitude of the Federal Reserve tonight, which is likely to bring about greater market fluctuations and new interest rate expectations.
When approaching the real rate cut node, rate cuts or postponements will be potential short-term negatives, because emotions and expectations will be released, but from a long-term perspective, rate cuts represent a reduction in the cost of funds, which can only be a positive.
