Probability of Federal Reserve rate cut in September approaches 70%

PANews July 16 news, according to Jin Ten reports, Trump hinted at firing Federal Reserve Chairman Powell. CME 'FedWatch' data shows: the probability of the Federal Reserve keeping interest rates unchanged in July is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of the Federal Reserve keeping interest rates unchanged in September has dropped to 32%, with a cumulative probability of a 25 basis point rate cut at 64.9%, and a cumulative probability of a 50 basis point rate cut at 3.1%.