Before the CPI release, the probability of a 25-basis-point rate hike by the Fed in September was 45.9%

Odaily News: Before the CPI data release, according to CME's "FedWatch": The probability of the Fed keeping interest rates unchanged by September is 54.1%, while the probability of a cumulative 25-basis-point rate hike is 45.9%. By October, the probability of the Fed keeping rates unchanged is 39.7%, the probability of a cumulative 25-basis-point rate hike is 48.1%, and the probability of a cumulative 50-basis-point rate hike is 12.2%. (Jin10)