Before the nonfarm payrolls release, the probability of the Fed keeping interest rates unchanged in July was 68.5%

Odaily reported that according to the CME "FedWatch": the probability of the Fed keeping interest rates unchanged in July is 68.5%, and the probability of a cumulative 25-basis-point rate hike is 31.5%. The probability of the Fed keeping interest rates unchanged by September is 35.7%, the probability of a cumulative 25-basis-point rate hike is 49.2%, and the probability of a cumulative 50-basis-point rate hike is 15.1%. The probability of the Fed keeping interest rates unchanged by October is 27.8%, the probability of a cumulative 25-basis-point rate hike is 46.2%, the probability of a cumulative 50-basis-point rate hike is 22.6%, and the probability of a cumulative 75-basis-point rate hike is 3.3%.