Economist Brad Case suggests that the Federal Reserve is unlikely to cut interest rates in September, citing strong consumer spending and income growth. He believes a rate cut may occur in November if sustained economic weakness is observed. The CME FedWatch Tool shows mixed probabilities for a rate cut in September, while betting markets predict a high chance of cuts by the end of the year. The iShares TIPS Bond ETF (NYSE:TIP) saw a slight increase, reflecting market sentiment on inflation-protected bonds.