Fed lowers interest rates, when will the atmosphere change from September to December...


#btc# ETh#pi
On August 22 local time, Fed Chairman Powell stated at the Jackson Hole Global Central Bank Annual Meeting that the current situation indicates a downside risk to employment growth, and changes in the risk balance may require policy adjustments. Powell noted that the Fed is open to the idea of interest rate cuts.
Powell hinted in his speech that although the current inflationary upward risks still exist, the Fed may still cut interest rates in the coming months.
Currently, the probability of the Fed cutting interest rates in September is about 90%, while this probability was 75% before Powell's speech.
Traders have once again fully priced in two rate cuts by the Fed before the end of the year.
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