After the CPI data was released, traders began to price in three Fed rate cuts this year
BlockBeats news: On July 11, after the release of CPI data, traders expected that the Federal Reserve had a 25% chance of cutting interest rates by 25 basis points for the third time this year. (Jinshi)
The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.