CME "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 64.9%

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Trump hints at potentially firing Federal Reserve Chairman Powell, with CME "Fed Watch" data showing: The probability of the Federal Reserve maintaining interest rates unchanged in July is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of maintaining interest rates unchanged in September has dropped to 32%, with a cumulative 25 basis point rate cut probability of 64.9% and a cumulative 50 basis point rate cut probability of 3.1%. (Jinshi)

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