Powell Nominated, CME Data Shows Nearly 50% Chance of Rate Cut in June

BlockBeats News, January 30, according to CME's "FedWatch": The probability of the Fed cutting rates by 25 basis points in March is 15.3%, and the probability of keeping rates unchanged is 84.7%. The probability of the Fed cutting rates by a cumulative 25 basis points by April is 29.7%, the probability of keeping rates unchanged is 67.2%, and the probability of a cumulative 50 basis point cut is 3.2%. The probability of a cumulative 25 basis point rate cut by June is 48.3%, the probability of keeping rates unchanged is 33.7%, and the probability of a cumulative 50 basis point cut is 16.4%.