币界网报道：Traders are increasingly betting on the Federal Reserve to begin cutting interest rates by September 2025, with market pricing indicating a 71% probability of at least one rate reduction by then, according to recent data. This shift in expectations comes amid mixed economic signals, including cooling inflation but still-resilient labor markets. Fed officials have emphasized a data-dependent approach, with Chair Jerome Powell reiterating the need for more confidence that inflation is sustainably moving toward the 2% target before considering cuts. The CME FedWatch Tool shows markets currently pricing in just one full rate cut for 2024, down from earlier expectations of six cuts at the start of the year. Some analysts suggest the delayed timeline for easing reflects both the Fed's cautious stance and stronger-than-expected economic growth in Q1 2024. The debate continues among policymakers, with some advocating patience given persistent services inflation while others warn about keeping rates too high for too long. Market participants will closely watch upcoming employment and inflation reports for clues on the Fed's next moves, with particular focus on whether wage growth moderates sufficiently to ease services sector price pressures. The yield curve remains inverted, signaling ongoing recession concerns despite recent GDP strength.