After Powell's Speech, the Probability of a Fed Rate Cut in September Rises to 91.1%
According to CME's "FedWatch": The probability of the Federal Reserve maintaining the interest rate in September is 8.9%, and the probability of a 25 basis point cut is 91.1%. The probability of the Fed maintaining the interest rate in October is 4.3%, the cumulative probability of a 25 basis point cut is 48.9%, and the cumulative probability of a 50 basis point cut is 46.8%.