After Powell's speech, the probability of the Fed cutting interest rates by 50 basis points in September increased

According to TechFlow, on August 23, after Powell's speech, the probability of the Fed cutting interest rates by 50 basis points in September increased. According to CME's "Fed Watch" data, the probability of the Fed cutting interest rates by 25 basis points in September is 67.5%, and the probability of cutting interest rates by 50 basis points is 32.5%. The probability of the Fed cutting interest rates by 50 basis points by November is 43%, the probability of cutting interest rates by 75 basis points is 45.2%, and the probability of cutting interest rates by 100 basis points is 11.8%.