Fed Rate Outlook Shows Higher Odds of Holding Rates Steady in July

Market pricing shows a 74.3% probability that the U.S. Federal Reserve will keep interest rates unchanged in July, with a 25.7% probability of a cumulative 25-basis-point rate increase. According to Odaily, the probability of the Fed holding rates steady through September is 42.9%. The same data indicates a 46.2% probability of a cumulative 25-basis-point increase by September and a 10.8% probability of a cumulative 50-basis-point increase by that time.