Before the CPI data release, the probability of the Fed keeping interest rates unchanged in July is 63.1%

Odaily reports that, according to the CME's "FedWatch" tool: The probability of the Federal Reserve maintaining the current interest rate in July is 63.1%, while the probability of a cumulative 25-basis-point rate hike is 36.9%. The probability of the Fed keeping rates unchanged in September is 28.3%, the probability of a cumulative 25-basis-point hike is 51.4%, and the probability of a cumulative 50-basis-point hike is 20.4%.