Federal Reserve Has 88.8% Probability to Hold Rates Unchanged in July, CME Fed Watch Shows

According to CME Fed Watch on July 17, the Federal Reserve has an 88.8% probability of holding interest rates unchanged in July and an 11.2% probability of raising rates by 25 basis points.

For September, the Fed has a 48.8% probability of maintaining rates, a 46.2% probability of raising rates by 25 basis points, and a 5.1% probability of a 50 basis point increase.