Before the CPI data release, the probability of the Federal Reserve keeping interest rates unchanged in July is 63.1%

According to Odaily Planet Daily, CME's "FedWatch" tool shows that the probability of the Fed maintaining rates unchanged in July is 63.1%, while the probability of a cumulative 25 basis point rate hike is 36.9%. For September, the probability of the Fed keeping rates unchanged is 28.3%, the probability of a cumulative 25 basis point rate hike is 51.4%, and the probability of a cumulative 50 basis point rate hike is 20.4%.