Federal Reserve Interest Rate Projections for July and September

According to BlockBeats, data from CME's FedWatch Tool indicates a 5.2% probability of a 25 basis point rate cut in July, with a 94.8% likelihood of maintaining the current interest rate. The probability of the Federal Reserve keeping rates unchanged through September is 39.6%. There is a 57.4% chance of a cumulative 25 basis point rate cut and a 3% probability of a cumulative 50 basis point cut. The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for July 30 and September 17.