Market's Bet on Fed Rate Cut Sees Slight Shift

BlockBeats News Update, January 29th, as scheduled, the Federal Reserve held steady. According to the post-decision announcement, rate futures contracts indicated a 28% probability of a rate cut in April (Powell's last meeting as Fed Chair), slightly down from before;

Meanwhile, the probability of a rate cut in June has risen to 64%, an increase from before, and it is very likely that there will be a second rate cut later this year. (FX678)