Odaily News Analysts say the Fed may be forced to cut rates before its next meeting in September to prevent a recession-causing feedback loop from forming between the market and the real economy. Earlier, the Bank of Japan raised interest rates, and weaker-than-expected U.S. economic data triggered a loosening of huge global imbalances that had accumulated to extreme levels. But the pace of economic deterioration did not suddenly accelerate - last week's employment data was not a sure sign of a recession, and the triggering of the "Sam Rule" only diverted market attention, and increased geopolitical tensions also became a contributing factor. The economic situation is not dramatically different, but the market's shift to pricing in a recession prospect makes a recession more likely. The Fed may now be forced to cut interest rates this month to prevent the decline in asset prices from being transmitted to the real economy and triggering a recession. (Jinshi)