The Federal Reserve has become a foregone conclusion, and Powell's press conference is expected to be full of interest. The premise for gold to start a new round of rally is... Click to view...
On July 12, according to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in August is 91.2%, and the probability of cutting interest rates by 25 basis points is 8.8%. The probability of the Federal Reserve keeping interest rates unchanged in September is 7.3%, the probability of a cumulative rate cut of 25 basis points is 84.6%, and the probability of a cumulative rate cut of 50 basis points is 8.1%.