Expectations of an emergency rate cut by the Federal Reserve rise

Odaily Planet Daily News: Expectations for an emergency rate cut by the Federal Reserve are rising as there is no sign that Trump will back down on tariffs. Swaps show that there is about a 40% chance that the Fed will cut interest rates by 25 basis points next week, well before the Fed's interest rate decision scheduled for May 7. At the same time, investors have sold off risks and snapped up bonds, causing yields to plummet. On Monday, the yield on the two-year U.S. Treasury note, which is most sensitive to monetary policy, fell 22 basis points to 3.43%. Since Trump announced the tariffs, the yield on the two-year U.S. Treasury note has fallen by about 50 basis points in total. (Jinshi)