CME FedWatch: Probability of September Rate Cut Rises to 91.8%
BlockBeats News, August 12th. According to CME's "FedWatch" data, after the CPI data was released, the probability of a 25 basis point rate cut by the Fed in September has risen to 91.8%, with the probability of no rate change at 8.2% (prior to the CPI release, the probability of a September rate cut was 82.5%).
The probability of the Fed maintaining rates in October is 2.2%, with a cumulative 25 basis point rate cut probability at 31% and a cumulative 50 basis point rate cut probability at 66.7%.
The dates of the next two FOMC meetings are September 17th and October 29th. Traders have increased their bets on a Fed rate cut in September, continuing to bet that the Fed will cut rates in both September and December.
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