According to a report by ChainCatcher, citing a statement by DBS Bank, the market's anticipation of a series of interest rate cuts by the Federal Reserve could lead to disappointment and ultimately trigger panic.

Economist Taimur Baig wrote in a report: "An inflation rate below 3% and a policy rate above 5% are often hard to reconcile, so some monetary easing is necessary. However, the market-implied rate cuts appear excessive. For the yield curve to reflect more than 200 basis points of rate cuts in the next 16 months, the U.S. economy would need to weaken significantly and inflation would need to fall below 2%, which seems unlikely." DBS Bank's base case is for the Fed to cut rates by 150 basis points by the end of 2025, with a 25 basis point cut this week.