According to LSEG data, after the Federal Reserve's interest rate decision, U.S. interest rate futures prices reflect the expectation of another 25 basis points in December.
Fed funds futures extended their gains, implying an 89% chance that the Fed will cut rates by 50 basis points in September.
Fed funds futures prices show the Fed will cut rates by 125 basis points by the end of 2024.
Market conditions showed that the US federal funds rate futures continued to rise, suggesting that the probability of the Federal Reserve cutting interest rates by 50 basis points in September is 89%.