Before the release of CPI data, the probability of the Federal Reserve keeping interest rates unchanged in June was 98.2%

Odaily reported that, according to CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates unchanged in June is 98.2%, while the probability of a cumulative 25-basis-point rate cut is 1.8%. For July, the probability of the Fed keeping rates unchanged is 85.8%, the probability of a cumulative 25-basis-point rate hike is 12.6%, and the probability of a cumulative 25-basis-point rate cut is 1.6%.