News

According to a report by Jinse Finance, on August 12 local time, the total U.S. national debt surpassed $37 trillion for the first time, as the federal government continues to accumulate debt at a record pace. The latest data released by the U.S. Treasury Department shows that as of that afternoon, the total U.S. national debt had reached $37,004,817,625,842. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, commented that the U.S. fiscal situation is severely out of balance, yet Congress continues to make matters worse.

According to CME "FedWatch" reported by Jinse Finance: there is a 6.6% probability that the Federal Reserve will keep rates unchanged in September, and a 93.4% probability of a 25 basis point rate cut. For October, there is a 2.4% probability that rates will remain unchanged, a 37.7% probability of a cumulative 25 basis point rate cut, and a 59.9% probability of a cumulative 50 basis point rate cut.