Before the CPI data is released, the probability that the Fed will keep interest rates unchanged in July stands at 63.1%
Svmuu News: According to CME’s “FedWatch,” the probability that the Federal Reserve will keep interest rates unchanged through July is 63.1%, while the probability of a cumulative rate hike of 25 basis points is 36.9%. The probability that the Fed will keep interest rates unchanged through September is 28.3%, while the probability of a cumulative 25-basis-point rate hike is 51.4%, and the probability of a cumulative 50-basis-point rate hike is 20.4%.
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