[Traders expect a rate cut of less than 30 basis points in September, and the Fed may cut interest rates by a total of 92 basis points this year] Golden Finance reported that 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 expected a rate cut of less than 30 basis points next month. They now expect the Federal Reserve to cut interest rates by a total of 92 basis points in the rest of 2024, down from more than 100 basis points before the data was released.