Federal Reserve Rate Cut Speculation and US Richmond Fed Manufacturing Index Drop

According to BlockBeats, on September 24, traders increased their bets on a 50 basis point rate cut by the Federal Reserve in November to 50%.

The US Richmond Fed Manufacturing Index in September recorded -21, the lowest since May 2020. The US dollar index DXY fell 20 points in the short term and is now at 100.57. (Jinshi)

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