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Traders Increase Bets on Fed Rate Cut, with the Probability of a 25 Basis Point Cut in September Currently at 91.7%
BlockBeats News, September 10: According to CME's "FedWatch" data, traders increased their bets on a Fed rate cut following the PPI data release. The probability of a 25 basis point rate cut by the Fed in September is currently reported as 91.7%, while the probability of a 50 basis point cut is 8.3%.
The upcoming two FOMC meeting dates are September 17 and October 29.
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