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ING, an investment bank, has shifted from initially supporting a 50 basis point rate cut by the Fed to supporting 25 basis points

On September 15, according to Jinshi, on Friday, the market's expectations for a 50 basis point rate cut by the Fed suddenly increased. Yesterday, this expectation reached 50%, while Thursday's expectation was only about 28%. This change has driven the rise of US stocks, the general decline of US bond yields, the decline of the US dollar, and the record highs of gold prices. Against the backdrop of the market's increasing expectations for rate cuts, ING released a report that has attracted attention. The investment bank has shifted from initially supporting a 50 basis point rate cut to supporting a 25 basis point rate cut, predicting that a slight majority will choose a 25 basis point rate cut at the FOMC meeting next week, and said that the Fed is unlikely to break the trend of dollar depreciation.