According to BlockBeats, traders have intensified their expectations for a Federal Reserve rate cut following the release of the Producer Price Index (PPI) data. The probability of a 25 basis point rate cut by the Federal Reserve in September is currently reported at 91.7%, while the likelihood of a 50 basis point cut stands at 8.3%.
The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for September 17 and October 29.