September 21 International Forex News

China-U.S. Economic and Trade Consultations Held in New York

September 21: On September 20 local time, He Lifeng, China's lead official for China-U.S. economic and trade consultations and vice premier of the State Council, held economic and trade consultations in New York with U.S. lead officials Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. Guided by the important consensus reached between the two heads of state and following the principles of mutual respect, peaceful coexistence, and win-win cooperation, the two sides held candid, in-depth, and constructive exchanges on important economic and trade issues of mutual interest, including the implementation of consensus reached during previous consultations and the promotion of bilateral trade and investment. The two sides also held a dialogue on issues related to artificial intelligence. (Xinhua News Agency)

Probability of a Federal Reserve Rate Increase in October Stands at 56.5%

According to the CME FedWatch Tool, the probability that the Federal Reserve will leave rates unchanged at 3.75%-4.00% at its October meeting is 43.5%, while the probability of a 25-basis-point increase is 56.5%. By December, the probability of leaving rates unchanged at 3.75%-4.00% is 10.2%%, the probability of a cumulative 25-basis-point increase is 46.6%, and the probability of a cumulative 50-basis-point increase is 33.3%.