🎉We are thrilled to announce the partnership with @moba_aof
🎇#AOF is an event-centric #MOBA game, a fully on-chain eSports, a worldwide interconnected server
💪Stay tuned for more collab updates from us!
* One hour before the economic data dump (Q2 GDP, PCE, Claims, Durables)
* Two hours before the NYSE Open
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Below is a 5-minute tick chart of the probability of a FIFTY BASIS POINT cut at the September 18th FOMC meeting.
It is currently at 22%! (22% for 50 bps cut, 78% for 25 bps cut)
About 36 hours ago, it was +1% (99% probability of a 25 bps cut, 1% for no cut).
My take: This has less to do with economic and earnings data released in the last 48 hours and more to do with an "algo panic" over plunging stock prices yesterday.
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A July cut (next week, July 31) was 2% yesterday, currently 11%.