Probability of interest rate cuts in September

$Direxion Daily 20+ Year Treasury Bull 3X Shares ETF(TMF.US)$ Lindsay Rosner, head of the multi-sector bond investment department at Goldman Sachs Asset Management, pointed out that retail sales “may suggest that consumers are beginning to refrain from spending, but it is also certain that they are still continuing to spend.” On top of that, he stated, “There is no doubt that there is still a way to cut interest rates in September.”

　　The market has intensified the observation of two cuts in US interest rates by the end of the year. The probability of a 0.25 point rate cut in September rose to about 68%. Interest rate cuts for November have been completely factored in, and the expected rate cut until the end of the year is 48 bps.