According to BlockBeats, data from CME's "FedWatch" indicates an 82.6% probability of a 25 basis point rate cut by the Federal Reserve in September, with a 17.4% chance of maintaining the current rate.
The likelihood of the Federal Reserve keeping rates unchanged until October stands at 4.2%, while the cumulative probability of a 25 basis point cut is 33.1%, and a 50 basis point cut is 62.7%.
The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for September 17 and October 29.
Last week, the U.S. reported a July non-farm payroll increase of only 73,000, significantly below expectations, with substantial downward revisions for May and June data. Additionally, Federal Reserve Governor Kugler is set to resign this week, allowing U.S. President Donald Trump to appoint a preferred candidate earlier than anticipated. These developments may have influenced the sharp rise in the probability of a September rate cut, which was previously at 41.3% before the release of the non-farm payroll data.