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Following the release of the CPI data, the probability that the Federal Reserve will keep interest rates unchanged in July stands at 83.4%.
Svmuu News: According to CME’s “FedWatch,” the probability that the Federal Reserve will keep interest rates unchanged through July is 83.4%, while the probability of a cumulative rate hike of 25 basis points is 16.6%. The probability that the Fed will keep interest rates unchanged through September is 40.3%, while the probability of a cumulative 25-basis-point rate hike is 51.1%, and the probability of a cumulative 50-basis-point rate hike is 8.6%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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