After Powell's speech, the probability of the Federal Reserve cutting interest rates by 25 basis points in September rose to 91.1%

According to Jinshi Data, CME's "Fed Watch" data shows that after Powell's speech, the probability of the Fed cutting interest rates by 25 basis points in September has risen to 91.1%, and the probability of keeping interest rates unchanged is 8.9%. Looking ahead to October, the probability of the Fed keeping interest rates unchanged is 4.3%, the probability of cumulative rate cuts of 25 basis points is 48.9%, and the probability of cumulative rate cuts of 50 basis points is 46.8%.