The probability of the Fed keeping its policy unchanged in July has dropped to 83.5%.

Odaily News Fed Governor Waller was clearly dovish last night. According to CME's "Fed 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 Fed 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%. (Jinshi)