The probability of a 25 basis point interest rate cut by the Federal Reserve in September has decreased to 87.3%.
BlockBeats News, August 25th, according to CME's "FedWatch Tool," the probability of a 25 basis point rate cut by the Fed in September has decreased to 87.3%, while the probability of unchanged rates is 12.7%.
Former Fed Vice Chair Richard Clarida previously stated in a report that the Fed seems poised to cut the policy rate soon but will do so cautiously. Powell's highly anticipated speech last week at the annual Jackson Hole symposium did not disappoint the market, and the Fed's revised monetary policy framework did not surprise Fed watchers. Looking ahead, the Fed reiterated its commitment to its dual mandate and made only minor clarifications to its monetary policy framework.
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