The probability of a Fed rate cut in July is about 75%.

Odaily News Futures contracts tied to the Fed's policy rate recovered their earlier losses after the rate decision was announced, and are currently pricing in a 30% chance that the Fed will cut interest rates by 25 basis points as early as June, slightly higher than the earlier 27%. Based on futures prices, the probability of a rate cut by July is about 75%. (Jinshi)