PANews reports updated CME Fed Watch probabilities, indicating a 93.6% likelihood for a 25bp rate cut in September and revised expectations for October with only a 2% chance of unchanged rates.
According to PANews and CME Fed Watch data, the Federal Reserve faces a 93.6% chance for a 25bps rate cut and a 6.4% chance to hold rates in September, while October shows a 2% probability of rates remaining unchanged, with cumulative chances of 33.9% for a 25bps cut and 64% for a 50bps cut.