Fed Holds Rates Unchanged with 69% Probability in July, CME Shows

According to CME FedWatch, on June 26, there is a 69% probability the Federal Reserve will keep rates unchanged in July, with a 31% chance of a 25 basis point hike. Looking further ahead, CME data shows a 36.6% probability of unchanged rates by September, a 48.8% chance of a cumulative 25bp increase, and a 14.6% probability of a 50bp cumulative hike.
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