Fed Seen Holding Rates in September at 47.6% Before Nonfarm Payrolls

According to Jin10, CME FedWatch shows a 47.6% probability that the Federal Reserve will keep rates unchanged in September before the nonfarm payrolls release, while the probability of a cumulative 25-basis-point hike is 52.4%. It also shows a 34.9% probability of no rate change by October, a 51.1% probability of a cumulative 25-basis-point hike, and a 13.9% probability of a cumulative 50-basis-point hike.