The Market Reduces Fed Rate Hike Bets, with a 60.4% Probability of a September Rate Hike

BlockBeats News, September 3rd, the market scaled back expectations of a Fed rate hike, as Fed Governor Waller recently mentioned signs of improvement in inflation.

According to CME's "FedWatch" tool, the probability of a September Fed rate hike is currently at 60.4%, with the next FOMC meeting scheduled for September 26.