Bets on the Fed cutting interest rates within the year continue to rise
According to CME's "FedWatch": The probability of the Fed maintaining interest rates in August is 94.3%, while the probability of a 25 basis point rate cut is 5.7%. The probability of the Fed maintaining interest rates in September is 0.0%, with a cumulative 25 basis point rate cut probability of 88.7%, a cumulative 50 basis point rate cut probability of 11.0%, and a cumulative 75 basis point rate cut probability of 0.3%
According to CME's "Fed Watch" on July 16th, the probability of the Fed maintaining interest rates in August is 94.3%, while the probability of a 25 basis point rate cut is 5.7%. The probability of the Fed maintaining interest rates in September is 0.0%, with cumulative probabilities of a 25 basis point rate cut at 88.7%, a 50 basis point rate cut at 11.0%, and a 75 basis point rate cut at 0.3%