
PANews reported on July 30th that, according to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in July is 97.9% (consistent with the data release), and the probability of a 25 basis point rate cut is 2.1%. The probability of the Fed keeping interest rates unchanged in September is 37.9% (down from 34% before the data release), the probability of a cumulative 25 basis point rate cut is 60.9%, and the probability of a cumulative 50 basis point rate cut is 1.3%.
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