As of now, the #Fed fund #faiz market is pricing that the probability of a "50 basis point" interest rate cut by the Fed in September is 13.5%. This is a strong signal that some see the possibility of a more aggressive rate cut.

Traders predict that at the meeting of #Fed on September 18, 2024, the rates of #faiz will be reduced by 25 basis points to the range of 5.00 - 5.25. Traders have priced the probability of a 25 basis point reduction as 86.5%.
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