Before the PCE data release, the probability of the Fed keeping interest rates unchanged in July was 65.8%

Odaily reported, according to CME's "FedWatch": The probability of the Fed keeping interest rates unchanged in July is 65.8%, and the probability of a cumulative 25 basis point rate hike is 34.2%. The probability of the Fed keeping interest rates unchanged by September is 32%, the probability of a cumulative 25 basis point rate hike is 50.5%, and the probability of a cumulative 50 basis point rate hike is 17.6%.