Data: Ahead of Powell's speech tonight, the probability of the Federal Reserve cutting interest rates by 25 basis points in September has dropped to 71.3%

ChainCatcher news, according to CME's "FedWatch" data, before Powell's speech at the Jackson Hole annual meeting tonight, the probability of a 25 basis point rate cut by the Federal Reserve in September has dropped to 71.3%, while the probability of maintaining the current rate is 28.7%.

The probability of the Federal Reserve maintaining the current rate until October is 14.6%, the cumulative probability of a 25 basis point rate cut is 50.4%, and the cumulative probability of a 50 basis point rate cut is 35.1%.

The dates for the next two FOMC meetings are September 17 and October 29.