Odaily News According to CME's "Fed Watch": After the release of CPI data, the probability of the Fed keeping interest rates unchanged in July is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability of the Fed keeping interest rates unchanged in September is 38.6%, the probability of a cumulative 25 basis point rate cut is 59.9%, and the probability of a cumulative 50 basis point rate cut is 1.6%.