PANews reported on August 18 that according to Jinshi, after the latest data showed the resilience of the US economy, traders lowered their expectations for the Federal Reserve to cut interest rates sharply this year, and US Treasury yields soared. Traders reduced their bets that the Federal Reserve will cut interest rates sharply in September, and the rate cut next month is expected to be less than 30 basis points. They now expect the Federal Reserve to cut interest rates by a total of 92 basis points in the remainder of 2024, down from more than 100 basis points before the data was released.