The Federal Reserve to Announce Rate Decision Tonight, Only 2.1% Probability of a July Rate Cut

According to Jinse Finance, the Federal Reserve will announce its interest rate decision tonight (2:00 a.m. Beijing time on July 31), followed by a post-meeting press conference with Fed Chair Jerome Powell 30 minutes later. According to CME "FedWatch" data, there is a 2.1% probability of a 25 basis point rate cut in July, while the probability of keeping rates unchanged is 97.9%.