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After the release of the minutes from the The Federal Reserve (FED) meeting in June, traders are betting on a rate cut in September.
According to BlockBeats news on July 10, based on CME's "The Federal Reserve (FED) Watch" data, after the release of the minutes from the Federal Reserve's June meeting, the probability of the Federal Reserve maintaining interest rates unchanged in July is 93.3%, which is basically the same as the previous day's probability. Notably, the probability of the Federal Reserve maintaining interest rates unchanged in September is 28.1%, a significant decrease from the previous day's 35.4%, while the probability of a 25 basis point rate cut increased from the previous day's 60.8% to 67.2%.