After the release of PCE data, the probability of the Fed cutting interest rates has not changed much, with a 25 basis point rate cut to 22.7%.

Odaily Planet Daily News According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in July is 77.3% (previously 79.3%), and the probability of a 25 basis point rate cut is 22.7% (previously 20.7%). The probability of the Fed keeping interest rates unchanged in September is 8.1% (previously 8.2%), the probability of a cumulative 25 basis point rate cut is 71.6% (previously 73.3%), and the probability of a cumulative 50 basis point rate cut is 20.4% (previously 18.5%). (Jinshi)