A night has passed since the FOMC, and the market has made new bets on the subsequent interest rate decisions!

June's interest rate decision: 80% probability of no rate cut (the probability of a rate cut has significantly decreased)

July: 30% probability of no rate cut, 57% probability of a 25bp rate cut, 12.4% probability of a 50bp rate cut?

Is someone expecting some kind of recession in July? Or a new low for the US stock market? Issues with employment? Because the non-farm payrolls in May and June are likely to perform poorly...

September: High probability of dropping to 375-400;

Summary: A rate cut is highly likely to be restored in July. Does this mean that QT could also be announced to end at the July FOMC?