Forexlive: The probability of the Fed cutting interest rates by 50 basis points in September is 70%

According to a report from financial website Forexlive, there has been significant volatility in the market, particularly with the USD/JPY pair, which plummeted to 147.39. The yield on US 2-year treasuries fell to 3.91%. We believe there is a 42 basis point chance of a Fed rate cut in September, with a 70% chance of a 50 basis point cut. The pricing for a rate cut by the end of the year is at 109 basis points.