According to BlockBeats, the Kobeissi Letter has highlighted that the market currently anticipates a total rate cut of 75 basis points by the end of the year. Despite the ongoing rise in the Consumer Price Index (CPI) inflation, the labor market remains notably weak. Additionally, the yield on the 10-year U.S. Treasury has officially fallen below 4.00% for the first time since April 4. The market has fully priced in the expectation of three separate 25 basis point rate cuts before the year's end.