Traders believe there is a 60% chance that the Federal Reserve will cut interest rates by 25 basis points within a week

Jinshi Data News on August 5th, market sentiment is rapidly changing, with traders believing there is a 60% chance of an emergency 25 basis point rate cut by the Federal Reserve within a week. As US stock index futures rebound from their lows, selling pressure has eased slightly but remains in a downward trend. This is a clear sign of market panic, as the Fed kept rates unchanged at the recent meeting, with Powell stating that the issue of rate cuts may be discussed at the September meeting. Chicago Fed President Gulsby will deliver a speech before the US stock market opens. Following the release of weaker-than-expected US employment data, he previously stated that the Fed will not overreact to any report but will identify the "common thread" in the data and act in a "steady" manner