After the CPI data release, the probability of the Fed keeping interest rates unchanged in July is 83.4%

According to CME's "FedWatch": The probability of the Fed keeping interest rates unchanged in July is 83.4%, and the probability of a cumulative 25 basis point rate hike is 16.6%. The probability of the Fed keeping interest rates unchanged in September is 40.3%, the probability of a cumulative 25 basis point rate hike is 51.1%, and the probability of a cumulative 50 basis point rate hike is 8.6%.