CME FedWatch: Markets Price 69.5% Odds of Fed Holding Rates in July

CME’s FedWatch tool showed markets pricing a 69.5% probability that the US Federal Reserve will keep interest rates unchanged at its July meeting, and a 30.5% probability of a cumulative 25-basis-point hike, according to 36Kr. For September, FedWatch put the probability of rates remaining unchanged at 40.4%, with a 46.9% chance of cumulative 25 bps of hikes and a 12.8% chance of cumulative 50 bps of hikes.