Federal Reserve's July Rate Decision Likely to Remain Unchanged

According to BlockBeats, data from CME's FedWatch indicates a 79.8% probability that the Federal Reserve will maintain its current interest rates in July. There is a 20.2% chance of a 25 basis point rate cut. Looking ahead to September, the likelihood of the Federal Reserve keeping rates unchanged drops to 5.3%. The probability of a cumulative 25 basis point rate cut rises to 75.9%, while the chance of a cumulative 50 basis point reduction stands at 18.8%.