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The probability of the Federal Reserve cutting interest rates in September is close to 70%

According to online reports, Trump hinted that he would fire Federal Reserve Chairman Powell. CME's "Fed Watch" data showed that the probability of the Federal Reserve leaving interest rates unchanged in July was 95.3%, and the probability of cutting interest rates by 25 basis points was 4.7%. The probability of the Federal Reserve leaving interest rates unchanged in September dropped to 32%, the probability of a cumulative interest rate cut of 25 basis points was 64.9%, and the probability of a cumulative interest rate cut of 50 basis points was 3.1%.

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