ChainCatcher news, according to Jinshi, Fed official Musalim said that the Fed's recent stance of keeping interest rates unchanged at a high level is consistent with the recent situation of above-target inflation and solid job market performance. He is skeptical that the Fed may cut interest rates at the September meeting.
Although traders generally expect a majority of Fed members to support a 25 basis point rate cut in September, there is a 90% probability.
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