Traders anticipate a greater than 50% chance of a rate cut in September, indicating evolving expectations for the Federal Reserve's monetary policy.
According to Jinshi News on July 16, traders see over a 50% probability of the Federal Reserve cutting interest rates in September. The CME's FedWatch tool indicates a 97.4% chance of unchanged rates in July, with a 45.1% likelihood for September and a 53.5% chance of cumulative cuts of 25 basis points.