Fed Holds Rates Steady in July with 88.8% Probability, CME Data Shows

According to Jin10, data from CME's FedWatch Tool shows the probability of the Federal Reserve maintaining interest rates unchanged in July is 88.8%, while the probability of a cumulative 25-basis-point rate hike is 11.2%. For the September meeting, the probability of the Fed keeping rates unchanged is 51.2%, the probability of a cumulative 25-basis-point hike is 44%, and the probability of a cumulative 50-basis-point hike is 4.7%.