The Federal Reserve is expected to keep interest rates unchanged in July, with an 85.6% probability according to CME's FedWatch tool. The likelihood of a 25 basis point rate hike stands at 14.4%.
Looking ahead to September, the probability of maintaining the current rates drops to 41.4%. Meanwhile, the chances of a 25 basis point increase rise to 51.2%, and a 50 basis point hike is seen as 7.5% likely.
Federal Reserve Likely to Maintain Interest Rates in July
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