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After the release of ADP and GDP data in the United States, the probability of the Federal Reserve keeping interest rates unchanged in September has increased.
BlockBeats News, July 30th, according to CME's "FedWatch": The probability of the Fed keeping rates unchanged in July is 97.9% (consistent with pre-data release), and the probability of a 25 basis point rate cut is 2.1%.
The probability of the Fed keeping rates unchanged in September is 37.9% (pre-U.S. ADP and GDP data release was 34%), the cumulative probability of a 25 basis point rate cut is 60.9%, and the cumulative probability of a 50 basis point rate cut is 1.3%. (FXStreet)
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