TechFlow news, according to Jinshi reports, the latest data shows resilience in the US economy, causing traders to scale back expectations of aggressive rate cuts by the Federal Reserve this year, sending US Treasury yields soaring. Traders have reduced bets on a significant Fed rate cut in September, now expecting less than 30 basis points of easing next month. Currently, they anticipate the Fed will cut rates by a total of 92 basis points for the remainder of 2024, down from over 100 basis points expected before the data release.
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