The probability of the Federal Reserve cutting interest rates for the first time in September significantly increased after the CPI was announced
According to CME's "FedWatch": The probability of the Fed maintaining interest rates in August is 91.2%, with a 8.8% probability of a 25 basis point rate cut. The probability of the Fed maintaining interest rates in September is 9.1%, with a cumulative 25 basis point rate cut probability of 83.0% and a cumulative 50 basis point rate cut probability of 7.9%
According to CME's "Fed Watch" data on July 11th, the probability of the Fed maintaining interest rates in August is 91.2%, while the probability of a 25 basis point rate cut is 8.8%. The probability of the Fed maintaining interest rates in September is 9.1%, with a cumulative 25 basis point rate cut probability of 83.0% and a cumulative 50 basis point rate cut probability of 7.9%