CME data showed traders were evenly split between bets on a 50 basis point and a 25 basis point rate cut in the past few hours

Odaily Odaily News: As the Federal Reserve's interest rate decision approaches, the outcome appears more uncertain. According to data from CME, in the past few hours, traders have made more balanced bets between a 50 basis point rate cut (currently with a probability of about 55%) and a 25 basis point rate cut (with a probability of 45%). Earlier on Wednesday, a 50 basis point rate cut was still favored with a probability advantage of 2:1, but the more conservative option of a 25 basis point rate cut gained more support due to strong economic data. As the possibility of a large rate cut decreases, U.S. Treasury yields are rising. The yield on the two-year U.S. Treasury bond is currently at 3.657%, compared with 3.59% at the close on Tuesday. (Jinshi)