Inflation Eases, Job Market Strong: Will the Fed Cut Rates in 2024?

The CME “FedWatch” tool shows a 91.2% probability of the Federal Reserve maintaining current interest rates in August, with an 8.8% chance of a 25 basis point rate cut. Meanwhile, the probability of the Fed keeping interest rates unchanged in September is 0%. Instead, there is an 85.7% likelihood of a cumulative 25 basis point […] source: https://coinedition.com/inflation-eases-job-market-strong-will-the-fed-cut-rates-in-2024/