Before the nonfarm payroll data release, the probability of the Fed maintaining interest rates unchanged in July is 68.5%

Odaily Planet Daily News According to the CME "FedWatch": The probability of the Fed maintaining interest rates unchanged in July is 68.5%, and the probability of a cumulative 25 basis point rate hike is 31.5%. The probability of the Fed maintaining interest rates unchanged by September is 35.7%, the probability of a cumulative 25 basis point rate hike is 49.2%, and the probability of a cumulative 50 basis point rate hike is 15.1%. The probability of the Fed maintaining interest rates unchanged by October is 27.8%, the probability of a cumulative 25 basis point rate hike is 46.2%, the probability of a cumulative 50 basis point rate hike is 22.6%, and the probability of a cumulative 75 basis point rate hike is 3.3%.