RMB Midpoint Hits 7.1496, Down 2 Points! Probability of Fed Holding Rate Steady at 61.8%, Cutting by 25 Basis Points at 38.2%

August 1st, the RMB midpoint hits 7.1496, down 2 points.

Fed Cut Rate in September at 38.2%

According to CME's "Fed Watch": the probability of Fed holding rate steady in September is 61.8%, cutting by 25 basis points is 38.2%. The probability of Fed holding rate steady in October is 39.4%, cumulative cutting by 25 basis points is 46.8%, and cumulative cutting by 50 basis points is 13.9%.

Source: Sina News