After the CPI data release, the probability of the Federal Reserve keeping interest rates unchanged in July is 83.4%

According to Odaily Planet Daily, CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates unchanged in July is 83.4%, with a 16.6% probability of a cumulative 25 basis point rate hike. The probability of the Fed keeping rates unchanged in September is 40.3%, a 51.1% probability of a cumulative 25 basis point hike, and an 8.6% probability of a cumulative 50 basis point hike.