The probability of a 25 basis point rate cut by the Federal Reserve in October reaches 98.3%.
According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 98.3%, while the probability of keeping rates unchanged is 1.7%. In addition, the probability of a cumulative 50 basis point rate cut by December is 93.4%.
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
The US Dollar Index rose by 0.02% on the 24th.
All three major US stock indexes hit record highs, with the Dow Jones up 1.02%.
The Dow Jones Index closed up by 472.51 points, with both the S&P 500 and Nasdaq also rising.
