Golden Finance reported that DBS Bank said that the market expects the Federal Reserve to make a series of rate cuts, but the aggressive market pricing may be disappointed and eventually cause panic. Economist Taimur Baig wrote in a report: "Inflation rates below 3% and policy rates above 5% are often difficult to coexist, so some monetary easing is necessary. But the rate cuts reflected by the market seem to be too large. For the yield curve to reflect a rate cut of more than 200 basis points in the next 16 months, the US economy must weaken significantly and inflation must fall below 2%, which is unlikely to happen." DBS Bank's basic view is that the Fed will cut interest rates by 150 basis points by the end of 2025, with a 25 basis point cut this week.