The probability of the Federal Reserve cutting interest rates by 50 basis points in September has increased to 50%
According to the CME "Fed Watch" data, as of the time of publication, the probability of the Federal Reserve cutting interest rates by 25 basis points and 50 basis points in September is both 50%. However, just a day ago, the probability of the Fed cutting interest rates by 50 basis points in September was only 28%.
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