Traders increased their bets on easing ahead of the release of revised U.S. employment data, expecting a 100 basis point rate cut this year

PANews reported on August 21 that according to Jinshi, before the release of revised U.S. employment data, traders increased their bets on the Federal Reserve's interest rate cuts, and now expect the Federal Reserve to cut interest rates by a total of 100 basis points in 2024.