The probability of the Federal Reserve cutting interest rates in September is predicted to be 71% for US interest rate futures prices

On June 19th, according to market data, the probability of the Federal Reserve cutting interest rates in September is predicted to be 71% for US interest rate futures prices, up from only 60% previously. The US interest rate futures reflect a rate cut of 46 basis points in 2025, with little change compared to before the Fed's announcement.