The probability of the Federal Reserve remaining unchanged in July has dropped to 83.5%

According to a report by JinShi, Federal Reserve Governor Waller clearly dovish last night. According to CME's "Federal Reserve Watch", the probability of the Fed keeping interest rates unchanged in July has dropped to 83.5% (91.7% yesterday), and the probability of a 25 basis point rate cut is 16.5%. The probability of the Federal Reserve keeping interest rates unchanged in September is 29%, the probability of a cumulative 25 basis point rate cut is 60.2%, and the probability of a cumulative 50 basis point rate cut is 10.8%.