Federal Reserve Likely to Maintain Interest Rates in Upcoming Meetings

According to BlockBeats, data from CME's FedWatch indicates a 2.6% probability of a 25 basis point rate cut at the upcoming Federal Open Market Committee (FOMC) meeting, with a 97.4% likelihood of maintaining the current interest rates. Looking ahead to September, there is a 37.9% chance that the Federal Reserve will keep rates unchanged, a 60.5% probability of a cumulative 25 basis point rate cut, and a 1.6% chance of a cumulative 50 basis point reduction. The next two FOMC meetings are scheduled for July 30 (2 a.m. on July 31, UTC+8) and September 17.