Fed Rate Hold Seen at 70.1% in July, CME FedWatch Data Show

The probability that the Federal Reserve will keep interest rates unchanged in July was 70.1%, according to CME FedWatch. According to Jin10, CME FedWatch showed a 29.9% probability of a cumulative 25-basis-point rate increase by July. For September, CME FedWatch put the probability of rates remaining unchanged at 37.2%. It showed a 48.8% probability of a cumulative 25-basis-point increase by September and a 14.1% probability of a cumulative 50-basis-point increase.