Odaily Planet Daily reported that after August's PPI rose less than expected, easing market concerns that inflationary pressures would hinder monetary easing, traders on Wednesday bet that the Federal Reserve might initiate a series of interest rate cuts that would continue through the end of the year. Data showed that the PPI rose 2.6% year-on-year in August, down from 3.1% in July and significantly below expectations. Based on pricing in futures contracts tied to the Fed's policy rate, the market expects the Fed to cut interest rates by 25 basis points at next week's meeting, followed by further cuts of the same magnitude throughout the year. (Jinshi)