CPI data released, probability of Fed keeping rates unchanged in July stands at 83.4%

Odaily reported that, according to the CME "FedWatch," the probability of the Federal Reserve maintaining the current interest rate in July is 83.4%, while the probability of a cumulative 25-basis-point rate hike is 16.6%. For September, the probability of the Fed maintaining the current rate is 40.3%, the probability of a cumulative 25-basis-point hike is 51.1%, and the probability of a cumulative 50-basis-point hike is 8.6%.