Is the first Fed interest rate cut around the corner?

Probability for a interest rate cut from the Federal Reserve in September has jumped to nearly 100%, according to the latest data from the CME Fedwatch tool. Fed Chair Jerome Powell has, on multiple occasions, reiterated the stance that the Fed will need to see more economic data before making any decisions on interest rate cuts. As more and more data reveals inflation gradually cooling, will the first cut finally arrive in September?
Yahoo Finance Reporter Josh Schafer joins Catalysts to break down the possibilities coming from the Fed as more economic data pours in.
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