Federal Reserve Rate Cut Looms as Traders Eye PPI Data

Traders are significantly increasing their bets on a rate cut by the Federal Reserve, following the release of Producer Price Index (PPI) data. According to BlockBeats, the probability for a 25 basis point rate cut in September stands at a substantial 91.7%, while the likelihood of a 50 basis point cut is estimated at just 8.3%. These upcoming FOMC meetings on September 17th and October 29th will determine the next steps regarding monetary policy.