Before the Fed’s interest rate meeting, the probability of a 50 basis point rate cut was reduced to 61% on CME’s “Fed Watch”.

According to BlockBeats, on September 18, before the Federal Reserve’s interest rate meeting, CME’s “Fed Watch” predicted that the probability of a 50 basis point rate cut in September was 61% (62% a day ago), and the probability of a 25 basis point rate cut was 39%.

Earlier news, financial institutions including Bank of America, Goldman Sachs, Morgan Stanley, Barclays and Citigroup have predicted that the Federal Reserve will cut interest rates by 25 basis points tonight.

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