Fed Likely To Maintain Rates In August, Potential Cuts In September
According to BlockBeats, as of July 16, data from CME's 'FedWatch' tool indicates a 91.2% probability that the Federal Reserve will keep interest rates unchanged in August, with an 8.8% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Federal Reserve maintaining the current interest rates drops to 0%. The probability of a cumulative 25 basis point rate cut stands at 85.7%, while the chances of a cumulative 50 basis point cut are at 13.7%. There is also a 0.5% probability of a cumulative 75 basis point rate cut.