After Powell's speech, the expectation for the Federal Reserve to cut interest rates in September rises to 91.1%

According to reports from HashiChain and data from Jin10, the CME 'FedWatch' tool shows that after Powell's speech, the probability of the Federal Reserve cutting interest rates by 25 basis points in September has risen to 91.1%, while the probability of maintaining the current rate is 8.9%. Looking ahead to October, the probability of the Federal Reserve keeping the interest rate unchanged 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%. In previous reports, it was mentioned that after Powell's speech, the market expected the probability of a rate cut in September to rise to 90%.