The probability of the Federal Reserve cutting interest rates by 50 basis points in September rises to 11.7%.
ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 0, the probability of a 25 basis point rate cut is 88.3%, and the probability of a 50 basis point rate cut is 11.7% (the probability before the data release was 0). The probability of the Federal Reserve keeping interest rates unchanged in October is 0.4%, the cumulative probability of a 25 basis point rate cut is 36.2%, and the cumulative probability of a 50 basis point rate cut is 63.4%.
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