Odaily Planet Daily News: Global financial services company Ebury said it expects the Federal Reserve 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 dollar. "A 50 basis point rate cut does not seem to be happening, and we do not think the Federal Open Market Committee will be ready to fully support the market pricing of interest rates," Ebury market strategist Matthew Ryan said in a report. He said that futures pricing for a 115 basis point rate cut this year seems too high. He said the Fed may cut interest rates by 25 basis points three times in September, November and December. (Jinshi Data APP)