#BinanceAlphaAlert ‏🚨 Increased Bets on Federal Reserve Rate Cuts Following July Consumer Price Index Data

‏Following the latest inflation report for July, which showed that consumer prices in the United States rose by 0.2% month-on-month and 2.7% year-on-year - slightly below expectations - and a rise in the core consumer price index by 0.3% month-on-month and 3.1% year-on-year, traders sharply increased their bets on a rate cut by the Federal Reserve in September.

‏According to Kalshi data, the probability of a 25 basis point rate cut is now 80%, while only 14% expect the Federal Reserve to maintain interest rates, and 6% expect a cut greater than 25 basis points.