On the eve of Powell's speech, traders continue to lower interest rate cut bets.
BlockBeats News, August 22nd: Forex options data shows that the bullish sentiment on the US dollar has risen to a three-week high, indicating that traders are betting that Fed Chairman Powell will not take an overly dovish stance on rate cuts.
Traders have been reducing their rate cut bets in recent days: the current market expects a cumulative 47 basis point rate cut by the Fed by the end of the year, compared to 63 basis points just over a week ago.
"A 25 basis point rate cut in September—this door will open," said Sonja Marten, Director of Forex and Monetary Policy Research at DZ Bank AG, in an interview with Bloomberg TV, "but I don't think he will take a more aggressive stance than that." (FX678)
According to CME's "FedWatch Tool," the current probability of the Fed holding rates steady in September is 24.5%, while the probability of a 25 basis point rate cut is 75.5%. The probability of the Fed holding rates steady in October is 13%, with a 51.5% probability of a cumulative 25 basis point rate cut and a 35.5% probability of a cumulative 50 basis point rate cut.
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
