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CME FedWatch: Probability of a 25 Basis Point Rate Cut by September Increases to 63.1%
BlockBeats News, July 16th, according to CME's "FedWatch" data, the probability of a 25 basis point rate cut in July is 4.7%, while the probability of rates staying unchanged is 95.3%.
The probability of the Fed keeping rates unchanged until September is 33.9%, the cumulative probability of a 25 basis point cut is 63.1%, and the cumulative probability of a 50 basis point cut is 3%.
The dates of the next two FOMC meetings by the Fed are July 30th and September 17th.
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