The probability of a Fed rate cut in September has risen to 87.4%, while the probability of maintaining the current rate is 12.6%.
ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 12.6%, while the probability of a 25 basis point rate cut is 87.4%. In addition, the probability of keeping rates unchanged in October is 5.6%, the cumulative probability of a 25 basis point rate cut is 45.8%, and the cumulative probability of a 50 basis point rate cut is 48.6%.
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On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
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