The probability of the Fed keeping interest rates unchanged in July is 88.8%

According to CME's "FedWatch" data, the probability of the Fed maintaining interest rates unchanged in July is 88.8%, while the probability of a cumulative 25-basis-point rate hike is 11.2%. By September, the probability of the Fed keeping rates unchanged stands at 51.2%, the probability of a cumulative 25-basis-point hike is 44%, and the probability of a cumulative 50-basis-point hike is 4.7%.