Deep Tide TechFlow News, August 22, according to Jin Ten Data reports, Nationwide Chief Economist Kathy Bostjancic stated that the Federal Reserve is expected to cut interest rates by a cumulative 75 basis points by the end of the year. She noted: "Powell has adopted a noticeably more dovish tone and has significantly opened the door for a rate cut in September, as he believes the downside risks to employment are rising significantly. This supports our judgment of a 25 basis point rate cut next month, and we continue to expect that the Federal Reserve will cumulatively cut rates by 75 basis points by the end of the year, as the labor market will further weaken, while inflation's rise is only moderate and temporary."