The market expects the Federal Reserve to cut interest rates by a total of 77 basis points over the next year

ChainCatcher news, according to Jinshi reports, after the release of the U.S. CPI data, the market expects the Federal Reserve to cut interest rates by a total of 77 basis points over the next year, with a cumulative cut of 48 basis points by December. Previously, the expectation was for a total cut of 67 basis points over the next year, with a cut of 42 basis points by December.

Traders are increasing their bets on the Federal Reserve cutting interest rates, basically expecting two cuts this year.