US banks split on Fed’s next move as market grows certain of cut next month

Wall Street, photo by Daniel Lloyd Blunk-Fernández, via Unsplash
Wall Street, photo by Daniel Lloyd Blunk-Fernández, via Unsplash
A September rate cut now carries a 93 percent probability, according to CME’s FedWatch. The country’s largest banks, meanwhile, can’t even agree on the year, let alone the month, as their strategists make the rounds on U.S. financial news.
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