After the CPI was released, traders continued to bet on a rate cut by the Fed in September.

On July 15, after the release of the U.S. CPI report, traders continued to bet that the Fed might start cutting interest rates in September. Previously, a report released by the U.S. government indicated that the June CPI rose as expected. Following the CPI release, market pricing suggests that the likelihood of the Fed cutting rates in September remains around 60%. Traders still believe that the probability of a rate cut this month is only 5%, as most Fed policymakers have indicated that they want to see more data before cutting rates. ( Jin10 )

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