Jinse Finance reported that the trading information platform Kobeissi Letter pointed out that the market currently expects a total rate cut of 75 basis points by the end of the year. Despite the continued rise in the Consumer Price Index (CPI) inflation, the labor market remains too weak to be ignored. Meanwhile, the yield on the 10-year US Treasury has officially fallen below 4.00% for the first time since April 4. The market has now fully priced in expectations for three 25 basis point rate cuts before the end of the year.