🔥Washington Prosecutor Stops Investigation into Powell, Fed Rate Cut Expectations Rise

On April 24, the Washington, D.C. prosecutor Piro announced the cessation of the investigation into Federal Reserve Chair Powell's Federal Reserve building costs, but retains the right to restart the investigation if necessary. CME "FedWatch" data shows that market expectations for a rate cut this year have further increased: the probability of a 25 basis point cut by year-end is 76%, the probability of a 50 basis point cut is 21.3%, the probability of a 75 basis point cut is 2.2%, and the probability of no cut is only 0.4%.