According to CME's "FedWatch": The probability of the Fed maintaining interest rates unchanged in August is 97.4%, with a 2.6% probability of a 25 basis point rate cut. The probability of the Fed maintaining interest rates unchanged in September is 6.8%, with a 90.8% cumulative probability of a 25 basis point rate cut, and a 2.4% cumulative probability of a 50 basis point rate cut
According to CME's "Fed Watch" on July 23, the probability of the Fed maintaining interest rates in August is 97.4%, while the probability of a 25 basis point rate cut is 2.6%. The probability of the Fed maintaining interest rates in September is 6.8%, with a cumulative 25 basis point rate cut probability of 90.8% and a cumulative 50 basis point rate cut probability of 2.4%