Federal Reserve Holds Rates at July FOMC Meeting with 65.3% Probability, According to CME FedWatch

According to CME FedWatch tool data, the Federal Reserve has a 65.3% probability of maintaining interest rates at its July FOMC meeting, with a 34.7% probability of a 25 basis point rate hike.

For September, the probability of holding rates steady stands at 22%, while a 25 basis point cumulative increase has a 54.9% probability, and a 50 basis point cumulative increase carries a 23% probability.