Data: After the release of US June inflation data, the probability of a Fed rate cut in September drops to 41.3%
According to ChainCatcher, this week’s U.S. June inflation data slightly exceeded expectations. Possibly as a result, the probability that the Federal Reserve will keep interest rates unchanged until September is 58.7%, while the probability of a cumulative 25 basis point rate cut has dropped to 41.3%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Key Overnight Developments on August 2
Trump Calls Again for Powell to Resign Over Accountability
U.S. Government Turmoil Disrupts Export Approvals
White House Economist: Economic Statistical Agencies Need a "New Perspective"
