Federal Reserve 62.1% Likely to Hold Rates in July, 56.2% Chance of Rate Hike by September

According to CME Fed Watch data sourced via Jin10, the Federal Reserve has a 62.1% probability of holding interest rates steady in July, with a 37.9% chance of a 25 basis point rate increase.

For September, the Fed has a 15.1% probability of maintaining current rates, a 56.2% probability of a cumulative 25 basis point hike, and a 28.7% probability of a cumulative 50 basis point increase.