Federal Reserve Holds Rates Unchanged in July With 85.6% Probability, Per CME Data

According to CME Fed Watch data, the probability of the Federal Reserve keeping interest rates unchanged in July stands at 85.6%, with a 14.4% chance of a 25 basis point rate increase.

Looking ahead to September, the CME data shows a 38.5% probability of maintaining rates, versus a 53.5% probability of a cumulative 25 basis point increase and a 7.9% probability of a cumulative 50 basis point increase.