The probability of a rate cut by the Federal Reserve in September is close to 70%.

On July 16, according to Jinshi, Trump hinted that he would fire Fed Chairman Powell. CME's "Fed Watch" data showed that the probability of the Fed keeping interest rates unchanged in July was 95.3%, and the probability of a 25 basis point rate cut was 4.7%. The probability of the Fed keeping interest rates unchanged in September dropped to 32%, the probability of a cumulative 25 basis point rate cut was 64.9%, and the probability of a cumulative 50 basis point rate cut was 3.1%. [PANews]