Nvidia Claims Top Spot in Global Market Value Leading US Stocks to New Highs

According to the FedWatch data from CME Group, investors’ expectations for a rate cut have slightly increased. Although the dot plot released by the Federal Reserve last week indicated a higher likelihood of a 25 basis point (0.25%) rate cut this year, investors generally believe that there is a chance for the Fed to resume rate cuts in September and cut rates by another 25 basis points in December.