The probability of the Fed keeping interest rates unchanged in July is 88.8%

Citing CME's "FedWatch" data, Odaily reports that the probability of the Federal Reserve maintaining the current interest rate in July is 88.8%, while the probability of a cumulative 25-basis-point rate hike is 11.2%. For September, the probability of the Fed keeping rates unchanged is 51.2%, the probability of a cumulative 25-basis-point rate hike is 44%, and the probability of a cumulative 50-basis-point rate hike is 4.7%.