The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 71.5%
According to CME's "Fed Watch", the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 28.5%, and by 50 basis points is 71.5%. The probability of the Fed cumulatively cutting rates by 50 basis points by November is 19.3%, by 75 basis points is 57.6%, and by a full percentage point (100 basis points) is at 23.2%.
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