Fed Likely to Hold Rates Steady This Week at 69.5% Probability, CME FedWatch Shows

CME1.82%
According to CME FedWatch data as of July 29, the Federal Reserve has a 69.5% probability of holding rates unchanged in July and a 30.5% probability of raising rates by 25 basis points. Looking ahead to September, the probability of maintaining rates stands at 23.4%, with a 56.4% chance of a cumulative 25 basis point hike and a 20.2% probability of a cumulative 50 basis point increase.
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