Dylan77

The interest rate cut in September is basically a 90% probability. The difference is whether it will be a cut of 25 basis points or 50 basis points; currently, Goldman Sachs is already suggesting the option of a 50 basis points cut. This year, the Fed's actions are somewhat similar to last year, where they stubbornly did not cut rates in July when it was supposed to, resulting in employment data continuously falling short of expectations, leading to a significant cut of 50 basis points in September.
The same goes for this year. In July, when it should have lowered interest rates, Powell didn't