The survey shows: the Fed's rate cut in September has become a certainty, and there will be at least one more rate cut before the end of the year.

[Survey shows: The Fed's rate cut in September has become a foregone conclusion, with at least one more cut before the end of the year] A Reuters survey of 107 analysts found that almost all believe the Fed will cut rates by 25 basis points on September 17, as a weak labor market has outweighed the impact of inflation risks. Most analysts expect further rate cuts in the next quarter. Employment growth stagnated in August, coupled with a significant downward revision of employment data for the past 12 months ending in March, prompting many economists to lower their expectations and believe the Fed may implement more rate cuts than previously anticipated. The market has fully priced in the rate cut in September and now expects three cuts this year, up from just two a few weeks ago. Morgan Stanley's chief U.S. economist, Michael Gapen, stated: "The Fed has now had four months of evidence showing a slowdown in labor demand, and this trend seems to be more persistent... In short, the current level of inflation should be temporarily ignored, and instead, support the labor market through easing policies. However, we believe the likelihood of a 25 basis point rate cut in September is higher than a larger cut."