Fed Rate Hold Seen as Most Likely Outcome for July, CME FedWatch Shows

CME FedWatch data showed a 74.9% probability that the Federal Reserve would keep interest rates unchanged in July, and a 25.1% probability of a cumulative 25-basis-point rate hike. According to Jin10, the tool put the probability of rates remaining unchanged by September at 35.7%, with a 51.1% probability of a cumulative 25-basis-point hike and a 13.1% probability of a cumulative 50-basis-point hike.