Federal Reserve July Hold Seen at 77% Probability, CME FedWatch Data Show

The probability that the Federal Reserve will keep interest rates unchanged in July was 77%, according to CME FedWatch. According to Jin10, CME FedWatch showed a 23% probability of a cumulative 25-basis-point rate hike in July. For September, the probability of rates remaining unchanged was 41.9%. The probability of a cumulative 25-basis-point hike by September was 47.6%, while the probability of a cumulative 50-basis-point hike was 10.5%.