Analyst: There's a 70% chance that the Federal Reserve will cut interest rates by 50 basis points in September

On August 2nd, analysts from the financial website Forexlive stated that under the context of this report, there were some huge fluctuations in the market, especially for USD/JPY, which plummeted to 147.39. The yield on US two-year Treasury bonds fell to 3.91%. We believe that the Federal Reserve may cut interest rates by as much as 42 basis points in September, implying a 70% chance of a rate cut of 50 basis points. The pricing for rate cuts by the end of this year is set at 109 basis points.