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📖 Day 1 · Quiz (Single Choic
Before the ADP announcement: The Fed's probability of a rate cut in September is 97.6%.
[Before ADP Announcement: The probability of the Fed lowering interest rates in September is 97.6%] According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in September is 2.4%, while the probability of lowering rates by 25 basis points is 97.6%. The probability of the Fed keeping interest rates unchanged in October is 1.1%, with a cumulative probability of lowering rates by 25 basis points at 46.7%, and a cumulative probability of lowering rates by 50 basis points at 52.1%.