CME FedWatch: 65.8% Odds Fed Holds Rates in July

CME’s FedWatch tool put the probability of the US Federal Reserve keeping interest rates unchanged in July at 65.8%, with a 34.2% chance of a cumulative 25-basis-point hike, according to 36Kr. For September, FedWatch showed a 33.6% probability of rates remaining unchanged, a 49.7% chance of a cumulative 25-basis-point increase, and a 16.7% chance of a cumulative 50-basis-point increase.