Before the interest rate decision is announced, the market believes there is a 98.8% probability that the Federal Reserve will announce a 25 basis point rate cut

ChainCatcher news, according to CME's "FedWatch" data, the current market believes there is a 98.8% probability that the Federal Reserve will announce a 25 basis point rate cut tonight (3 AM on the 19th), while the probability of maintaining the rate at 4.5%-4.75% is only 1.2%. The Federal Reserve will announce the rate decision and economic projections summary at 3 AM, followed by a monetary policy press conference with Fed Chair Powell at 3:30 AM.