After the FOMC statement: Expectations for rate cuts slightly reduced
According to CME's "FedWatch": The probability of the Fed maintaining interest rates in September is 0%, the probability of a 25 basis point rate cut is 93.5%, the probability of a 50 basis point rate cut is 6.4%, and the probability of a 75 basis point rate cut is 0.1%. The probability of the Fed maintaining interest rates in November is 0%, the cumulative probability of a 25 basis point rate cut is 36.9%, the cumulative probability of a 50 basis point rate cut is 59.2%, and the cumulative probability of a 75 basis point rate cut is 3.9%
According to CME's "FedWatch Tool" on August 1st, the probability of the Fed maintaining interest rates in September is 0%, the probability of a 25 basis point rate cut is 93.5%, the probability of a 50 basis point rate cut is 6.4%, and the probability of a 75 basis point rate cut is 0.1%. The probability of the Fed maintaining interest rates until November is 0%, the cumulative probability of a 25 basis point rate cut is 36.9%, the cumulative probability of a 50 basis point rate cut is 59.2%, and the cumulative probability of a 75 basis point rate cut is 3.9%