CME FedWatch: The probability of a 25 basis point rate cut in September is 82.6%

BlockBeats news, on August 4, according to CME 'FedWatch' data, the probability of a 25 basis point rate cut in September is 82.6%, and the probability of maintaining interest rates unchanged is 17.4%.

The probability of the Federal Reserve maintaining interest rates unchanged until October is 4.2%, the probability of a cumulative 25 basis point rate cut is 33.1%, and the probability of a cumulative 50 basis point rate cut is 62.7%.

The next two FOMC meeting dates for the Federal Reserve are September 17 and October 29.

Last week, the U.S. non-farm payrolls for July added only 73,000 jobs, far below expectations, and the data for May and June were significantly revised down. Additionally, Federal Reserve Governor Quarles will resign this week, allowing Trump to appoint a favored candidate early. Perhaps influenced by the above news, the CME 'FedWatch' saw the probability of a 25 basis point rate cut in September soar, while prior to the non-farm data, this figure was only 41.3%.