The CME FedWatch Tool indicates a 66.3% probability that the Federal Reserve will keep interest rates unchanged in July. Meanwhile, there is a 33.7% chance of a 25 basis point rate hike. Looking ahead to September, the tool suggests a 31.0% probability of rates remaining unchanged, a 51.1% chance of a 25 basis point increase, and an 18.0% likelihood of a 50 basis point hike.
Fed Likely to Maintain Interest Rates in July, CME Tool Shows
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