Ahead of the FOMC Statement, the Fed Is Almost Certain to Hold Rates Steady This Time, with Nearly a 60% Chance of a Rate Cut in September

According to CME "FedWatch" as reported by Jinse Finance: There is a 96.9% probability that the Federal Reserve will keep interest rates unchanged tonight, and a 3.1% probability of a 25 basis point rate cut. For September, the probability of the Fed maintaining current rates is 40.2%, with a 57.9% chance of a cumulative 25 basis point rate cut, and a 1.8% chance of a cumulative 50 basis point rate cut.