The probability of the Federal Reserve cutting interest rates by 25 basis points in September has risen to 84.6%.
On July 12, according to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 91.2%, and the probability of a 25 basis point rate cut is 8.8%.
The probability of the Fed keeping interest rates unchanged by September is 7.3%, the probability of a cumulative 25 basis point rate cut is 84.6%, and the probability of a cumulative 50 basis point rate cut is 8.1%.
