The Fed's delay in cutting interest rates is entirely a political game between the two factions in the election.

Fed chief Steve Jobs said today that the recent slowdown in inflation and economic activity is roughly in line with the Fed's expectations, but he still refused to say whether this justifies the Fed to cut interest rates at its policy meeting later this month. Last week's inflation report showed a general improvement in the economy, which prompted some private analysts to wonder whether the Fed needs to wait until September to cut interest rates. It should be noted that the Fed led by Steve Jobs usually avoids surprising the market with short-term policy decisions, so from this perspective, Steve Jobs' words today did not change the expectation that the Federal Reserve will keep interest rates stable at the August meeting.

Therefore, some people predict that the probability of the Federal Reserve keeping interest rates unchanged in August is 94.3%, and the probability of a 25 basis point rate cut is 5.7%. The probability of the Federal Reserve keeping interest rates unchanged by September is 0.0%, the probability of a cumulative 25 basis point rate cut is 88.7%, the probability of a cumulative 50 basis point rate cut is 11.0%, and the probability of a cumulative 75 basis point rate cut is 0.3%. $BTC $ETH #美国大选如何影响加密产业？ #美联储何时降息？ #币安合约锦标赛