Ebury: The Fed will cut interest rates by 25 basis points later, and the cumulative rate cuts this year will be 75 basis points
Odaily Planet Daily Report: Global financial services company Ebury said that the Federal Reserve is expected to cut interest rates by 25 basis points later and hinted that further rate cuts will be gradual, which will provide some short-term support for the US dollar. Ebury's market strategist Matthew Ryan said in a report: "A 50 basis point rate cut does not seem likely, and we do not believe the Federal Open Market Committee will be ready to fully support the market pricing of interest rates." He said that the futures pricing of a 115 basis point rate cut this year seems too high. He said the Federal Reserve may cut rates by 25 basis points in September, November and December.
