After the release of the Fed's June meeting minutes, traders are betting on a rate cut in September.

Blockbeats
10 Jul

BlockBeats News, July 10th, according to CME's "FedWatch" data, after the release of the Fed's June meeting minutes, the probability of the Fed keeping interest rates unchanged in July is 93.3%, which is roughly the same as the previous day.

Of note, the probability of the Fed keeping interest rates unchanged in September is 28.1%, a significant decrease from the previous day's 35.4%, while the probability of a 25 basis point rate cut has increased from 60.8% to 67.2%.

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