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Traders have raised expectations for a sharp Fed rate cut, and the market is now almost evenly matched on whether to cut rates by 25 basis points or 50 basis points this week。The swap rate, which corresponds to the Fed's decision on Wednesday, currently shows a 50 basis point cut in the Fed's interest rate, a possibility that was almost completely ruled out last week。

Traders have raised expectations for a sharp Fed rate cut, and the market is now almost evenly matched on whether to cut rates by 25 basis points or 50 basis points this week。The swap rate, which corresponds to the Fed's decision on Wednesday, currently shows a 50 basis point cut in the Fed's interest rate, a possibility that was almost completely ruled out last week。

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