The probability of the Federal Reserve cutting interest rates in September is close to 70%

According to a report by Golden Ten, Trump hinted at firing Federal Reserve Chairman Powell. CME's "Federal Reserve Watch" data shows that the probability of the Fed keeping interest rates unchanged in July is 95.3%, and the probability of cutting interest rates by 25 basis points is 4.7%. The probability of the Federal Reserve keeping interest rates unchanged in September has dropped to 32%, the probability of a cumulative 25 basis point rate cut is 64.9%, and the probability of a cumulative 50 basis point rate cut is 3.1%.