Bets on the Federal Reserve cutting interest rates within the year continue to increase

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in August is 94.3%, and the probability of a rate cut by 25 basis points is 5.7%. The likelihood of the Fed maintaining unchanged rates into September is 0.0%, with an accumulated probability of a rate cut by 25 basis points at 88.7%, a cumulative reduction by 50 basis points at 11.0%, and a cumulative reduction by 75 basis points at 0.3%.