TechFlow News: Federal Reserve's Goolsbee said the June inflation report was very strong, and based on the data, the Fed could consider a single rate cut or a series of cuts.
According to CME's "FedWatch," the probability of the Fed holding rates steady in August is 91.2%, while the probability of a 25-basis-point rate cut is 8.8%.
The probability of the Fed holding rates steady through September is 7.3%, with a cumulative 84.6% chance of a 25-basis-point cut and an 8.1% chance of a cumulative 50-basis-point cut.
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