Odaily Planet Daily News: Nigel Green of deVere Group said in a report that it would be a dereliction of duty if the Fed did not cut interest rates soon, but waited until the next meeting in September. The unexpected rise in the US unemployment rate last Friday was the reason behind the downward pressure on stock index futures, the US dollar and US Treasury yields. Green called for a 25 basis point rate cut now, while other analysts suggested an emergency rate cut of up to 75 basis points to avoid a recession. The Fed "needs to act now... Otherwise there may be a far-reaching risk of a hard landing." (Jinshi)