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Odds of a Rate Cut Hit 99.9% as September Decision Nears
Financial markets are betting almost unanimously that the Federal Reserve will cut interest rates at its September 16–17 policy meeting — but divisions within the central bank and warnings from some policymakers are tempering the growing optimism. Traders in futures linked to the federal funds rate now see a 99.9% probability of a quarter-point cut in September, according to CME Group’s FedWatch tool, after fresh U.S. inflation data and continued pressure from the Trump administration for more aggressive action. July’s Consumer…