94.3% probability that the Fed will leave rates unchanged in August
According to the CME "Fed Watch": the probability that the Fed will keep interest rates unchanged in August is 94.3%, and the probability of a 25 basis point cut is 5.7%. The probability that the Fed will keep interest rates unchanged until September is 27.4%, the probability of a cumulative 25 basis point cut is 68.6%, the probability of a cumulative 50 basis point cut is 4.0%.
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