Probability of Fed keeping rates unchanged in July stands at 65.8% ahead of PCE data release

Odaily Planet Daily News According to CME's "FedWatch": The probability of the Federal Reserve keeping 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 maintaining rates unchanged by September is 32%, the probability of a cumulative 25-basis-point rate hike is 50.5%, and the probability of a cumulative 50-basis-point rate hike is 17.6%.