🌟✨Fed Rate Decision: No Cuts Expected This Month
Market Eyes September as Rate Cut Bets Rise💥🌟
The Federal Reserve is expected to hold interest rates steady in its upcoming meeting, with #CME FedWatch data showing a 97.4% probability of no changes. Only a slim 2.6% chance remains for a 25 bps cut.
Looking further ahead, markets are more divided on the September meeting:
37.9% expect no change
60.5% forecast a 25 bps cut
1.6% believe in a 50 bps reduction
Key dates:
Next #FOMC : July 30 (or 2 a.m. July 31 UTC+8)
Following one: September 17
Rate watchers now have their eyes on September.