Traders see the odds of a Fed rate cut by September at 100%

Traders are now certain that the Federal Reserve will cut interest rates by September.

According to the CME FedWatch tool, there is a 93.3% chance that the Fed will lower its target range for the federal funds rate by a quarter percentage point to 5% to 5.25% in September, down from the current 5.25% to 5.50%.

Additionally, there is a 6.7% chance of a half percentage point reduction, reflecting some traders’ expectations of rate cuts at both the end of July and in September, CNBC has reported.

read more: https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html

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