Market news: Investors are currently betting that both the ECB and the Fed may cut interest rates by 25 basis points in September

According to the Wall Street Journal, the European Central Bank kept interest rates unchanged but left the door open for further rate cuts this year. The ECB cut its benchmark rate by 25 basis points last month, widening the policy gap with the Federal Reserve. Investors are currently betting that both central banks may cut interest rates by 25 basis points in September, and may cut again before the end of the year. At present, analysts believe that there is no urgency for either the United States or Europe to cut interest rates sharply because the labor markets in both parties remain strong. Officials are weighing the risks of cutting interest rates too early and the risks of cutting interest rates too late. ECB President Christine Lagarde will hold a press conference at 20:45 Beijing time, which may provide new clues, but analysts expect Lagarde to provide clear guidance given the uncertainty about the path of inflation and economic growth. (Jinshi)