The probability of the Federal Reserve keeping interest rates unchanged in September rises after the release of US ADP and GDP data
According to online reports, according to CME's "Federal Reserve Observation": The probability of the Fed leaving interest rates unchanged in July is 97.9%(consistent with before the data was released), and the probability of cutting interest rates by 25 basis points is 2.1%. The probability that the Fed will keep interest rates unchanged in September is 37.9%(34% before the data was released), the probability of a cumulative interest rate cut of 25 basis points is 60.9%, and the probability of a cumulative interest rate cut of 50 basis points is 1.3%.
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