Fed Likely to Hold Rates in July at 63.7% Probability, CME Data Shows

According to CME FedWatch data released on June 23, the probability of the Federal Reserve holding interest rates unchanged in July stands at 63.7%, while the probability of a 25 basis point rate hike is 36.3%. For September, the likelihood of maintaining rates is 26.1%, with a 52.2% chance of a 25 basis point increase and a 21.4% probability of a 50 basis point cumulative hike.
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