BlockBeats News, September 10: According to CME’s “FedWatch” data, traders increased their bets on a Fed rate cut following the PPI data release. The probability of a 25 basis point rate cut by the Fed in September is currently reported as 91.7%, while the probability of a 50 basis point cut is 8.3%.
The upcoming two FOMC meeting dates are September 17 and October 29.
