Swap contracts show that the possibility of the Federal Reserve cutting interest rates by 50 basis points this month is about one-third

Odaily Planet Daily News: Interest rate options traders have increased their bets on a 50 basis point rate cut by the Federal Reserve this month, reflecting increasing speculation in the market that policymakers will take proactive action to prevent the economy from falling into trouble. At present, swap contracts indicate a probability of about one-third for the Federal Reserve to cut interest rates by 50 basis points this month. Priya Misra, portfolio manager at JPMorgan Asset Management, said, "The labor market has slowed down and is now catching the attention of the Federal Reserve. Considering that the current funds rate is between 5.25-5.5% and the economy is slowing down, the lag between monetary policy and the economy is notorious for being long and variable. I believe that the initial 50 basis point rate cut is very reasonable