Odaily News Jake Dollarhide, an analyst at Longbow Asset Management, said: "The Fed will not cut interest rates in August, which is the worst kept secret on the planet. The Fed will announce a 25 or 50 basis point rate cut in September, but I would not be surprised if this is already reflected in the stock market. We may see a sharp drop in the market on the day the Fed cuts interest rates in September." (Jinshi)