Odaily Planet Daily News: Interest rate markets are pricing in a long series of Federal Reserve rate cuts starting this month, which will take the Fed's target range below 3% by the end of 2026. According to Neil Dutta of Renaissance Macro, this expected path of significant rate cuts is unlikely to be reflected in the Fed's September dot plot, putting the Fed in stark contrast to the market's expected trajectory. "With the FOMC meeting approaching, it is difficult to see how the Fed will meet expectations," Dutta wrote. For the September dot plot to be consistent with market expectations, eight Fed officials would have to cut their 2026 dot plot rate to 3% or lower. (Jinshi)