The probability of the Federal Reserve maintaining its current interest rates in July stands at 63.1%, according to CME's FedWatch tool. Meanwhile, there is a 36.9% chance of a 25 basis point rate hike. Looking further ahead, the probability of rates remaining unchanged through September is 28.3%, with a 51.4% chance of a 25 basis point increase and a 20.4% chance of a 50 basis point hike.
Fed Likely to Maintain Interest Rates in July, CME Data Shows
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