Probability of the Fed Holding Rates Steady in July Drops to 83.5%

Odaily Planet Daily News: Federal Reserve Governor Waller took a noticeably dovish stance last night. According to CME "FedWatch": the probability that the Fed will keep rates unchanged in July has dropped to 83.5% (down from 91.7% yesterday), while the probability of a 25 basis point rate cut is 16.5%. The probability of rates remaining unchanged in September is 29%, with a cumulative probability of a 25 basis point rate cut at 60.2%, and a cumulative probability of a 50 basis point rate cut at 10.8%. (Jin10)