According to Odaily, following the release of the Consumer Price Index (CPI) data, traders are predicting a 25% chance of the Federal Reserve implementing a third 25 basis point rate cut within the year. This speculation is based on the recent economic indicators and the central bank's monetary policy. The Federal Reserve has already implemented two rate cuts this year in an attempt to stimulate the economy. The potential third cut would further decrease the cost of borrowing, potentially stimulating further economic growth. However, it's important to note that these are predictions and the actual decision will depend on various factors including the state of the economy and inflation rates.
