CME "Fed Watch": The probability of the Fed cutting interest rates by 50 basis points in September is 83%
According to CME's "Fed Watch", the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 17%, and by 50 basis points is 83%. The chance of a cumulative rate cut of 75 basis points by November is at 7.4%, while it stands at 45.8% for a total reduction of 100 basis points, and at 46.8% for a decrease of up to125 basis points.
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