The CME "FedWatch" tool indicates a 65.8% probability that the Federal Reserve will maintain current interest rates in July. Conversely, there is a 34.2% chance of a 25-basis-point rate hike. Looking ahead to September, the tool suggests a 32% probability of rates remaining unchanged, a 50.5% chance of a 25-basis-point increase, and a 17.6% likelihood of a 50-basis-point hike.
Fed Likely to Maintain Interest Rates in July, CME Tool Indicates
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