Big news, the Fed is about to cut interest rates

Before the Fed's interest rate meeting, the last big economic data, that is, the US retail sales data in August, is known as the horror data, because retail sales represent US consumption, and consumption accounts for 70% of US GDP. Once the retail sales data explodes, the Fed will definitely cut interest rates sharply.

But last night was good news. Retail sales data increased by 0.1% month-on-month, which was higher than the market's expected decline of 0.2%. Although it is still in the process of decline compared with last month's 1%, it is already a shot in the arm for the market.

So tonight the Fed can advance or retreat, and can reduce 25 basis points or 50 basis points. The market expects that the Fed will reduce 25 basis points with a probability of 37%, and a 50 basis point reduction with a high probability of 63%.

In the past week, Wall Street has been constantly leaking, urging the Fed to cut interest rates by 50 basis points. Even three congressmen wrote to the Fed to ask for a 75 basis point cut. Can Powell withstand the pressure? $CKB $BNB $BTC #币安上线NEIRO #新币挖矿HMSTR #美国大选如何影响加密产业？ #加密市场反弹 #美联储利率决议公布在即