🚨 FED RATE CUT BETS SURGE AFTER JULY CPI DATA

Following the latest July inflation report showing US consumer prices rose 0.2% month-over-month and 2.7% year-over-year—slightly below expectations—and core CPI rose 0.3% M/M and 3.1% Y/Y, traders have sharply increased their bets on a Fed rate cut in September.

According to Kalshi data, the probability of a 25bps rate cut now stands at 80%, while only 14% expect the Fed to maintain rates and 6% predict a cut larger than 25bps.