According to CME's "FedWatch": The probability of the Fed maintaining interest rates unchanged in August is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of the Fed maintaining interest rates unchanged in September is 2.9%, with a cumulative 25 basis point rate cut probability of 92.6% and a cumulative 50 basis point rate cut probability of 4.5%
On July 22nd, according to CME's "FedWatch" tool: The probability of the Fed maintaining interest rates in August is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of the Fed maintaining interest rates in September is 2.9%, with a cumulative 25 basis point rate cut probability of 92.6% and a cumulative 50 basis point rate cut probability of 4.5%