Fed Unlikely to Raise Rates in July at 69.5% Probability; September Rate Hike Odds Rise to 46.9%

According to CME Fed Watch Tool, the probability of the Federal Reserve holding rates steady in July stands at 69.5%, with a 30.5% chance of a 25-basis-point rate hike.

For September, the probability of maintaining rates drops to 40.4%, while the chance of a 25-basis-point hike rises to 46.9%, with a 12.8% probability of a 50-basis-point cumulative increase.

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