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How much will the Fed cut interest rates in September? Key committee member: It completely depends on the next two weeks!
①Mary Daly, President of the Federal Reserve Bank of San Francisco, said that the Fed needs to cut interest rates to maintain a healthy job market, which further reinforces the market's view that a rate cut in September is a done deal; ②Daly also revealed that she believes the size of the Fed's interest rate cut will depend on upcoming economic data - including the non-farm payroll report this Friday and the CPI data next Wednesday.
