According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in July is 97.9% (consistent with before the data release), and the probability of a 25 basis point rate cut is 2.1%. The probability of the Fed keeping interest rates unchanged in September is 37.9% (34% before the data release), the probability of a cumulative 25 basis point rate cut is 60.9%, and the probability of a cumulative 50 basis point rate cut is 1.3%.
[Odaily]According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in July is 97.9% (consistent with before the data release), and the probability of a 25 basis point rate cut is 2.1%. The probability of the Fed keeping interest rates unchanged in September is 37.9% (34% before the data release), the probability of a cumulative 25 basis point rate cut is 60.9%, and the probability of a cumulative 50 basis point rate cut is 1.3%.
[Odaily]