PANews reported on September 10th that, according to Jinshi, traders on Wednesday were betting that the Federal Reserve might initiate a series of interest rate cuts that would continue through the end of the year after August's PPI rose below expectations, easing market concerns that inflationary pressures would hinder monetary easing. Data released showed that the PPI rose 2.6% year-on-year in August, down from 3.1% in July and significantly below expectations. Based on pricing in futures contracts tied to the Fed's policy rate, the market expects the Fed to cut interest rates by 25 basis points at next week's meeting, followed by further cuts of the same magnitude throughout the year. (Jinshi Data App)