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Data: After the release of US June inflation data, the probability of a Fed rate cut in September drops to 41.3%
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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%.
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