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Orange Evening Interpretation 8.5
Compared to Trump's rhetoric, the market is more inclined to recognize concrete data. Since the American employment data collapsed last Friday, the expectations for interest rate cuts have been rising every day. Today, the probability of a 25 basis point rate cut in September, as expected by CME, has exceeded 90%. Goldman Sachs has even started to anticipate a direct cut of 50 basis points in September, saying that if the unemployment rate data rises next month, it is indeed possible.