🔴 The chances of a U.S. interest rate cut in September are rising sharply, Friday, August 22; after Federal Reserve Chairman Jerome Powell hinted that cuts may be coming
◾ According to the FedWatch tool, there is about a 90% probability that policymakers will lower the target interest rate range to between 4.00% and 4.25% at the conclusion of their meeting next September, representing a decrease of 25 basis points from the current level
◾ Before Powell's speech, the odds were about 73% for an interest rate cut
