After ADP data: 96.9% probability of Fed staying put tonight
July 31, according to the CME “Fed Watch”: the probability that the Fed will keep interest rates unchanged this week is 96.9%, the probability of a 25 basis point cut is 3.1%. The probability that the Federal Reserve will keep interest rates unchanged until September is 0%, the probability of a cumulative rate cut of 25 basis points is 87.7%, the probability of a cumulative rate cut of 50 basis points is 12.0%, the probability of a cumulative rate cut of 75 basis points is 0.3%.
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