Probability of Fed holding rates steady in July stands at 65.8%

Odaily reported on October 11, according to CME FedWatch: The probability of the Federal Reserve maintaining interest rates unchanged in July is 65.8%, while the probability of a cumulative 25-basis-point rate hike is 34.2%. The probability of the Fed keeping rates steady through September is 33.6%, the probability of a cumulative 25-basis-point hike is 49.7%, and the probability of a cumulative 50-basis-point hike is 16.7%. (Jinshi)