Investment bank ING switched from initially supporting a 50 basis point rate cut by the Federal Reserve to supporting a 25 basis point cut.

PANews 15th September news, according to the report from Cailian, this Friday, the market’s expectation of a 50 basis point rate cut by the Fed suddenly heated up. Yesterday, this expectation reached 50%, while on Thursday it was only about 28%. This change has driven a pump in the US stock market, a general decline in US bond yields, a fall in the US dollar, and a continuous surge in the price of gold. Against the backdrop of intensified market expectations for a rate cut, ING released a report that attracted attention. The bank shifted from initially supporting a 50 basis point rate cut to supporting 25 basis points, predicting that there will be a slight majority in favor of a 25 basis point rate cut at next week’s FOMC meeting, and stating that it is unlikely for the Fed to break the trend of dollar depreciation.