Fed July Rate Hold Probability at 85.6%

According to Jin10, CME FedWatch shows an 85.6% probability that the Federal Reserve will leave rates unchanged in July, while the probability of a 25-basis-point hike is 14.4%. By September, the probability of keeping rates unchanged is 38.5%, the probability of a cumulative 25-basis-point hike is 53.5%, and the probability of a cumulative 50-basis-point hike is 7.9%.