PANews reported on September 15th that market expectations for a 50 basis point interest rate cut by the Federal Reserve suddenly heated up this Friday. Yesterday, this expectation reached 50%, while on Thursday it was only around 28%. This shift fueled the US stock market rally, driving down US Treasury yields, weakening the US dollar, and propelling gold prices to new highs.

Against the backdrop of heightened expectations for interest rate cuts, ING Group released a noteworthy report. The investment bank shifted its stance from supporting a 50 basis point cut to advocating for a 25 basis point cut. They forecast a slight majority voting for a 25 basis point cut at the upcoming FOMC meeting next week and suggested that the Fed is unlikely to break the dollar's depreciation trend.