Federal Reserve's July Rate Decision Likely to Remain Unchanged

According to BlockBeats, the CME's FedWatch tool indicates a 95.3% probability that the Federal Reserve will keep interest rates unchanged in July, with a 4.7% chance of a 25 basis point rate cut. Looking ahead to September, the likelihood of maintaining the current rate stands at 39.3%. There is a 58% probability of a cumulative 25 basis point rate cut, while the chance of a cumulative 50 basis point reduction is 2.7%.