Analyst: The Federal Reserve may cut interest rates by about 100 basis points this year

Odaily Planet Daily News: Hussainy, an interest rate strategist at Columbia Thread Investment Company, said, "The market is betting that recession risk and tightening financial conditions will force the Federal Reserve to cut interest rates significantly this year, possibly by about 100 basis points." As for Powell's speech later today, Hussainy believes that "if Powell and his team send any rebuttal signals to this, short-term interest rates may go biased