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The European Central Bank cut interest rates by 25 basis points, the market pays attention to the latest statement of the Federal Reserve

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2025-04-18 02:42:26
The European Central Bank cut interest rates by 25BP as scheduled, the seventh time in the past year. Note that this decision is unanimous. In addition, Trump urged the Federal Reserve to lower interest rates as the European Central Bank should have done long ago. According to the latest CME "Fed Watch" data, the probability of maintaining interest rates unchanged in May is 86.3%, the probability of reducing interest rates by 25 basis points is 13.7%, and the probability of maintaining interest rates unchanged in June is 38.2%. The probability of a cumulative rate cut of 25 basis points is 54.1%, and the probability of a cumulative rate cut of 50 basis points is 7.6%. Taken together, loose monetary policy and the severe global trade situation have become the two major factors supporting gold prices in the near future. (Golden Ten)
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